The Carry Trade Carries On

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The Bank for International Settlements recently reported that $4 trillion a day is traded in global foreign-exchange markets, up from $3.3 trillion in 2007. But, while the size of the FX business always grabs headlines, the way that currencies are traded also matters – and this has evolved mightily over the years.

LONDON – The Bank for International Settlements recently reported that $4 trillion a day is traded in global foreign-exchange (FX) markets, up from $3.3 trillion in 2007. But, while the size of the FX business always grabs headlines, the way that currencies are traded also matters – and this has evolved mightily over the years.

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