Archive for November 19th, 2007
Yen Trades Near 1 1/2-Year High Versus Dollar on Debt Losses
The yen traded near a 1 1/2-year high against the dollar as credit-market losses caused investors to sell higher-yielding assets funded by loans in Japan.The currency gained the most versus the Australian dollar and the South Korean won as a decline in Asian stocks reduced confidence in the so-called carry trade. The yen strengthened against [...]
Posted: November 19th, 2007 under .
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