Italian translation: chiusura/liquidazione del carry trade massiccia/violenta/diffusa...
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English term or phrase:
carry trade unwind massive
chiusura/liquidazione del carry trade massiccia/violenta/diffusa...
English to Italian translations [PRO] Bus/Financial - Finance (general) / panoramica del mercato
English term or phrase:carry trade unwind massive
In October, financial markets continued to accelerate, lead by equity sharply down. USD currency was stronger and carry trade unwind massive. The 18% drop in S&P500 was the second worst monthly loss on record (the worst was -21.9% in October 1987). This month, many central banks also decided in a concerted action to lower their target interest rates. From the Fed case, a lot has been done already, and more will certainly come. Fed Funds target were cut twice by 50bp from 2 to 1% level. Balance of risks appears to have shifted decisively toward downside risks to the growth outlook.