Global central banks competing to push their currencies
lower and boost sluggish economies have opened up money-making opportunities
for hedge funds this year, Reuters reports. Policymakers
from Tokyo to London are freely printing money to lower the relative value of
their currencies and make their exports more attractive.
Such overt policies have made hedge fund managers more
confident in their bets on currency movements and are encouraging the kind of
market volatility on which many of them thrive.
Bank governors worldwide are pondering even more
controversial methods to boost domestic money supply, making it yet more
enticing for funds to wager on the eventual victors….
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