Emerging market carry trades gain momentum. Currency volatility decreases amid signs of easing US tariffs. An index of carry returns reached a seven-year high in late May. Asset managers increased long positions in developing-nation currencies. The Mexican peso saw a nine-month high. JPMorgan Chase’s gauge of global currency volatility dropped.
‘Chaos Ahead’: India reels from US tariff hike threat, exporters warn of mass job losses
Indian exporters are scrambling for options to mitigate the fallout of US President Donald Trump’s threatened tariff salvo against the world’s most populous nation. Since