FX

We all keep hearing it, and boiiii, it does get tiresome. Almost every FOMC and the latest Jackson Hole speech. So we, the central banks, and the rest of the world are now at the mercy of "data-dependent." Is it a crime to ask: How reliable is

This summer, quiet markets favored the carry trade. Popular funding currencies here are still the JPY and the CNY. The carry trade involves borrowing low-interest currency and investing in high-interest currency to profit from interest rate differential and exchange rate movements. Traders often use JPY and CNY as