Dollar Carry Trade
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今年一路跌8%又怎样?美元正在重夺其地位
Sou Hu Cai Jing· 2025-11-12 07:08
Group 1 - The core viewpoint is that despite the dollar index declining over 8% this year, the dollar is regaining investor interest and reclaiming its status as one of the most attractive global assets [1] - The appeal of dollar arbitrage strategies is supported by the significant decrease in dollar volatility, partly due to the prolonged government shutdown, which has suppressed trading volumes in the global forex market [6][9] - The end of the government shutdown is expected to boost market confidence in the U.S. economy and governance, potentially leading to a temporary rebound in the dollar [9] Group 2 - Dollar's attractiveness for arbitrage is driven by its high interest rates and low volatility, making it appealing for investors seeking to earn interest rate differentials [9] - If global capital flows back to the U.S. due to the attractiveness of dollar arbitrage, it could exert downward pressure on the euro and pound [11] - The upcoming GDP data releases from the Eurozone and the UK will influence the short-term performance of the euro and pound against the dollar [11]