Fed may give hints of a rate cut in September; significant shift seen in carry trades: Mitul Kotecha

Mitul Kotecha of Barclays noted that markets have been volatile due to political shifts in the US, with Biden stepping down, and upcoming Fed rate decisions. There has been a significant shift in carry trades and risk assets, impacting Asian currencies. Investors are cautious amid geopolitical tensions and uncertainties regarding US elections and economic growth projections.