Then the currency engaged in carry trade most was Yen for its interest rate was very low. And many carry trade's targets were Australia dollar and New Zealand dollar.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

By then since the interest rate of yen was very low, it was the major currency for carry trade. Generally yen is converted into other currencies such as Australian dollar and New Zealand dollar.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

Due to its extremely low interest rate, Japenes Yen became the main currency for Carry Trade, and the object currency was the Australian dollar and the New Zealand dollar.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

By lowering the fed funds rate this much below Europe, the U.K., China and most emerging markets, the Fed has re-established the dollar carry trade.

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The previous day Liu Mingkang, China's chief banking regulator, blasted Washington for its low interest rates and for the falling dollar, which, he claimed, was encouraging a dollar carry trade and global asset-price bubbles.

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This can be viewed as the dollar-carry trade, the risk trade, or a hedge against further dollar losses.

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