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(Bloomberg) -- Traders are starting to turn to the Swiss franc as the top choice for funding carry trades instead of the yen, potentially alleviating pressure on the Japanese currency.Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTSMC Facilities to Resume Production Overnight After QuakeTrump Got His $175 Million Bond From a Billionaire Fan’s CompanyKim Jong Un Faces Annihilation in Most Korea War ScenariosThe fra

The Canadian dollar weakened against its U.S. counterpart on Monday as the greenback notched broad-based gains and a quarterly business survey from the Bank of Canada left the door open to interest... -April 01, 2024 at 03:29 pm EDT - MarketScreener

Loonie at 73.64 U.S. cents

The merger could unlock access to Capital One's travel perks -- but could also lead to higher consumer prices.

An unusual calm enveloping foreign exchange markets is extending the life of a lucrative trade beyond what many had expected. The so-called carry trade, which involves borrowing in a low interest-rate currency to invest in a higher-yielding currency, had been expected to fade as major central banks pivot away from hiking rates toward easing policy. However, a major shift has yet to happen, keeping currency markets calm and the trade, which relies on such stability, an easy winner.