Recent content by Little Whale

Hedge funds are not necessarily only speculating. They use FX markets to offset currency risk to their global equities and fixed income exposed portfolios. Particularly quant funds. Generally speaking, hedge funds are not typically long only or directional only speculators in anything, but...

Seems like every pair you can hold overnight has negative (you pay interest) carry rates. I assume that is because nearly ever central bank in the world has their rates near 0, in some cases negative, and brokers are charging their own big on that for the risk. There is no carry trade anywhere...