ResearchGlobal2026-10-02
Funding Cost Reprices the Dollar Carry Trade as Transit Stocks Shift from Hold to Turn
USD/CNY held at 6.7050 while USD/JPY eased to 157.83 and USD/KRW fell to 1352.2, splitting the dollar's path against Asian currencies. Elevated dollar funding cost is shortening the carry period on crude transit inventories.
