Short USD/NGN carry trade looks slightly more attractive at this stage
Source: FxWire Pro - Commentary / 26 Nov 2014 00:08:41 Eastern Standard Time
Quotes from Standard Chartered:
-The short USD-NGN carry trade looks slightly more attractive at this stage, given the higher rates and base in the exchange rate. The likely correction in bond yields will offer moderate value in the short term, but the medium-term risk-reward still probably favours the short end.© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.