FOREX-Dollar perched at 4-month highs as yield-seeking strategies bloom [Reuters]
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Source: Reuters
FOREX-Dollar perched at 4-month highs as yield-seeking strategies bloom * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh By Saikat Chatterjee LONDON, Feb 11 (Reuters) - The dollar climbed to a four-month high against its rivals on Tuesday and closed within striking distance of a 2019 peak as subdued price swings encouraged hedge funds to load up on the relatively high-yielding greenback. Daily price fluctuations or market volatility have fallen sharply in recent months, prompting investors to borrow in low-yielding currencies such as the euro and the franc and invest in dollars or other high-yielding currencies. While that strategy has faced some setbacks thanks to some geopolitical events, generally such carry-trade strategies have proved to be rewarding. For example, in 2018-2019, when daily price swings for the euro/dollar exchange rate held at around 3%, a trade involving borrowing in euros and investing in U.S. dollars would have generated a return of nearly 5%. “The dollar b
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