Commodity Currency Carry Trades See Best Returns in Years on Oil - Bloomberg.com

Commodity Currency Carry Trades See Best Returns in Years on Oil. The strategy, which involves borrowing in a low-interest-rate currency and investing in a higher-yielding one, has benefited from the surge in oil prices. This has boosted the value of currencies of commodity-exporting nations, making carry trades more profitable. Analysts at Bloomberg Intelligence noted that the current environment is particularly favorable for these trades, with the potential for further gains if oil prices remain elevated.