>These lower interest rates are allowing hedge funds to make money via currency carry trades
What does the absolute level of interest rates have to do with being able to perform a carry trade? It's the spread that matters, and that spread exists whether average rates are high or low, on average, across economies.
What does the absolute level of interest rates have to do with being able to perform a carry trade? It's the spread that matters, and that spread exists whether average rates are high or low, on average, across economies.