Carry trade was popular in the early 1990s, but has largely been replaced by covered interest arbitrage today.

Name: Carry trade was popular in the early 1990s, but has largely been replaced by covered interest arbitrage today.
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Carry trade remains a popular strategy in the foreign exchange market, as it involves borrowing in a currency with a low interest rate and investing in a currency with a higher interest rate. Covered interest arbitrage is a different strategy and has not replaced carry trade.

Carry Trade Was Popular in the Early 1990s, but Has