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What’s Happening in EM: Carry Traders Shift Away From Dollar

Bloomberg Markets
Sunday, July 5, 2026 at 12:30 PM
~4 min read
Trade

Original Report

This week, Vinicius Andrade joins Kelsey Butler to discuss how emerging-market traders are increasingly turning to currencies from the euro to the Australian dollar to fund bets in the developing...

This week, Vinicius Andrade joins Kelsey Butler to discuss how emerging-market traders are increasingly turning to currencies from the euro to the Australian dollar to fund bets in the developing world as the US dollar roars back.

Glass House Analysis

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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