(Bloomberg) -- The yen traded near a record low
against the euro on speculation investors will keep borrowing the
currency to buy higher-yielding assets in so-called carry trades.
The currency weakened against New Zealand's dollar as an
inflation report in that nation increased prospects the central
bank will raise its benchmark 8 percent rate, which compares with
Japan's 0.5 percent. The yen also fell after an earthquake shook
central Japan, causing the closure of three nuclear reactors.
Read more at Bloomberg Currencies News
against the euro on speculation investors will keep borrowing the
currency to buy higher-yielding assets in so-called carry trades.
The currency weakened against New Zealand's dollar as an
inflation report in that nation increased prospects the central
bank will raise its benchmark 8 percent rate, which compares with
Japan's 0.5 percent. The yen also fell after an earthquake shook
central Japan, causing the closure of three nuclear reactors.
Read more at Bloomberg Currencies News
No comments:
Post a Comment