EVs, hybrids and plug-in hybrids made up 18% of new vehicle sales in the U.S. in the first quarter of this year. But that share was down slightly from the previous quarter.
The “currency carry trade” is one way investors chase returns by moving their money from one country to another, and it can move currency markets. It’s emblematic of the power of interest rates to slosh money around the globe, and it may be growing.