Carry Trade Analysis
Every FX pair's policy rate differential in one place, with the favorable side stated explicitly — long this, short that.
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What it is
A carry trade borrows (goes short) the currency with the lower policy rate to fund a long position in the currency with the higher policy rate, aiming to collect the rate differential over time on top of any price appreciation. We calculate this differential for every derivable pair straight from current central bank policy rates.
How to read it
Each pair shows the raw rate gap and which side is favorable for carry — the higher-yielding currency as the long leg. This is a rate-differential calculation, not a trade recommendation: a wide gap tells you the carry is attractive on paper, not that the trade is currently safe to hold.
What insight it gives you
Carry works best in calm, low-volatility markets where the funding-currency short doesn't get squeezed by a risk-off spike — carry trades are historically the first to unwind hard when risk sentiment turns, since everyone holding the same trade tends to exit at once. Read this alongside Currency Strength and Retail Position before sizing a carry position, not on its own.
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