Carry Traders Shift Away From Dollar for Emerging-Market Bets

Emerging-market traders are increasingly turning to currencies from the euro to the Australian dollar to fund bets in the developing world as the US dollar roars back.

By Vinicius Andrade, Maria Elena Vizcaino · Bloomberg Markets

Emerging-market traders are increasingly turning to currencies from the euro to the Australian dollar to fund bets in the developing world as the US dollar roars back.