Posts Tagged ‘ carry trade ’

What a Samba!

September 22, 2011

  • The Brazilian Real hit 1.95 this morning and is representative of the carry-trade unwind or dollar deleveraging.
  • The 4% selloff has completely reversed this morning
  • This bears watching – stabilization of this massive unwind is clearly bullish.
  • Continued destabilization and liquidation is bearish

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