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Emerging Market Carry Trades Surge in 2026 as Currencies Hit Multi-Year Highs

Emerging Market Carry Trades Surge in 2026 as Currencies Hit Multi-Year Highs

Author:

Global Cryptocurrency

Published:

2026-01-26 18:42:01

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BTCCSquare news:

Emerging market carry trades have gained 1.3% in 2026, building on their 18% surge in 2023—the strongest performance since 2009. A Bloomberg index tracking eight developing-nation currencies now hovers NEAR 291, just 5% below its 2011 peak. The South African rand and Colombian peso are among currencies trading at multi-year highs.

Morgan Stanley, Bank of America, and Citigroup analysts anticipate sustained momentum, citing elevated real interest rates across emerging economies. "We target countries with tight monetary policy and credible central banks," says Morgan Stanley's James Lord, highlighting Brazil's real, Turkey's lira, and the Czech koruna as top picks. Latin American currencies are particularly outperforming.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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