Ruth Carson

Ein deutlicher Anstieg des Dollars könnte sich laut HSBC Holdings in der zweiten Jahreshälfte zu einem der größten “Pain Trades” entwickeln.

(Bloomberg) -- A sharp rise in the dollar may emerge as one of the biggest "pain trades" in the second half of the year, according to HSBC Holdings Plc.

Un fuerte repunte del dólar podría convertirse en una de las mayores “operaciones dolorosas” (pain trade) para los mercados durante la segunda mitad del año, según HSBC Holdings Plc.

Uma forte alta do dólar pode se tornar uma das principais apostas contra o consenso do mercado no segundo semestre, segundo o HSBC Holdings Plc.

The yen sliding to a once-unthinkable 200 per dollar level is now a risk — albeit an extreme one — for some investors.

Overseas investors offloaded the most Japanese bonds in three years in June, official data showed, after a lackluster performance left the debt trailing most of its global peers.

Goldman Sachs Group Inc. sees the yen weakening to 165 per dollar in a year’s time, driven in part by Japan’s interest rate differentials with the US.

Carry trades — one of the most widely-used strategies in the $9.5 trillion-per-day currency market — are seeing the most compelling backdrop in more than two decades, according to Goldman Sachs Group Inc.

Goldman Sachs considera que el entorno para los carry trades —una de las estrategias más utilizadas en el mercado cambiario de US$9,5 billones diarios— es el más favorable en más de dos décadas.

Betting on carry bears more relevance in the Group of 10 foreign-exchange space than at almost any point since 2000, strategist Stuart Jenkins wrote in a report.