RBS to launch FX trading note

The carry trade may be dead but the foreign exchange market still has a lot to offer private investors.

The subprime storm has been tough on currency traders. After years of making easy money through carry trades û borrowing in low-interest currencies and lending in high-yielding ones û they are now back to working for a living as the carry unwinds.

It was so easy to make money from carry trades even retail punters were heavily in on the act û during the past few years Japanese households have sent trillions of yen to New Zealand and Australia, but...

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