Wednesday, March 31, 2010

Dollar Losing Carry-Trade ‘Allure,’ Morgan Stanley’s Leven Says

http://www.bloomberg.com/apps/news?pid=20601083&sid=aYsCpvi9m4H8 March 31 (Bloomberg) -- The dollar is losing its popularity as a funding currency in the carry trade, in which investors buy higher-yielding assets with amounts borrowed in nations with low interest rates, according to Ronald Leven, a senior currency strategist at Morgan Stanley.