LONDON Feb. 10 (Reuters) - As governments seek to root out and smother what they see as excessively risky and questionable financial market activity, the world of so-called currency "carry trades" has found its way onto their radar.
Speaking in Davos last month, Britain's top financial regulator Adair Turner branded carry trades -- borrowing in currencies with the lowest interest rates to punt the proceeds on higher-yielding ones -- as "economically valueless."
Read more: http://www.reuters.com/article/idUSTRE6191DK20100210
Speaking in Davos last month, Britain's top financial regulator Adair Turner branded carry trades -- borrowing in currencies with the lowest interest rates to punt the proceeds on higher-yielding ones -- as "economically valueless."