These swaps involve borrowing dollars while holding euros or yen, and a rapid unwinding of these positions could trigger a sharp surge in demand for the U.S. currency. “If you have to roll over that swap you have to join the scramble,” Shin said in a lecture at the London School of Economics.
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Info via Reuters. The warning seems to be of a worst-case scenario. You can be sure that such a scenario has been gamed out and those seeking USD will not be wondering what to do ....
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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