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Brazil election risk prompts hedge funds to trim popular real carry trade

Brazil’s upcoming presidential election is beginning to unsettle investors, with several asset managers reducing exposure to the Brazilian real and local bonds after a strong run for the country’s carry trade, according to a report by Bloomberg.

We haven't written up this one. Hedgeweek has the full story — the link below goes straight to it.

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Egypt’s foreign exchange reserves surpass $50 billion

The Executive Chairman of the Egyptian Exchange (EGX), Omar Radwan, affirmed that the Egyptian stock market acts as a mirror to the country’s economy.

  • Egypt's foreign exchange reserves exceed $50 billion.
  • Central Bank managed exchange rate flexibility effectively.
  • Trading volumes surged to LE 18 billion in five years.

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