Day: July 8, 2020

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Many foreign investors shy away from Ukraine for good reason. Currency control rules that usually center on domestic transactions apply to businesses and residents, both foreign and domestic within the country. Ukraine’s singular financial focus is the stabilization of the hryvnia, or hryvna, the currency that replaced the hyperinflated karbovanets of the Soviet era.Attribution: Kyiv Post It was 2019 that brought some well-received relaxation of foreign exchange regulation. The National Bank of Ukraine (NBU) did away with around 40 restrictions that had limited commerce in the country for decades. Among other reforms, Ukrainian companies no longer have to hold...

As you continue increasing your knowledge about forex trading and the market in general, more and more new concepts and ideas will pop up. This includes a growing range of trading technique and strategies. One such trading strategy which has been around for a very long time in the industry, is the carry trade. Here we will take a closer look at exactly what a carry is in forex, and provide all the information you need to decide if carry trading is a good strategy for you as you move forward on your trading journey. The Basics of How a Carry Trade Works In its most simple form, a carry trade in forex, is borrowing one currency, and using it to buy another. For example, you may borrow (sell) $100,000 Australian Dollars, and use those funds to purchase the same amount of JPY. Placing a carry...