Sunday, June 24, 2007

Yen stuck near 4-1/2-year low vs dollar, kiwi jumps

(Reuters) - The yen was pinned near a 4-1/2-year low against the dollar and an all-time trough versus the euro on Monday, staying under pressure as investors kept selling the low-yielding currency in carry trades.

The New Zealand dollar recovered all the losses it incurred on suspected central bank intervention in the late U.S. session on Friday, striking a 22-year high against the dollar and climbing near a 20-year peak against the yen.


Read more at Reuters Africa

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