Rand Swings From Carry Loser to Winner as Bond Inflows Surge
South Africa’s rand is back near the top of the carry-trade table after languishing close to the bottom in the weeks following the outbreak of the Iran war.
By Mpho Hlakudi · Bloomberg Markets
South Africa’s rand is back near the top of the carry-trade table after languishing close to the bottom in the weeks following the outbreak of the Iran war.