(Bloomberg) -- The yen weakened, snapping a three-day
rally against the dollar, on speculation rising global interest
rates will encourage Japanese investors to send money overseas.
The currency also reversed gains versus the euro as a
government report showed investors bought the most foreign debt
in three weeks at the end of May. New Zealand's central bank
today unexpectedly raised its key rate to a record 8 percent.
Australian jobs data prompted traders to bet policy makers will
raise the 6.25 percent benchmark borrowing cost.
Read more at Bloomberg Currencies News
rally against the dollar, on speculation rising global interest
rates will encourage Japanese investors to send money overseas.
The currency also reversed gains versus the euro as a
government report showed investors bought the most foreign debt
in three weeks at the end of May. New Zealand's central bank
today unexpectedly raised its key rate to a record 8 percent.
Australian jobs data prompted traders to bet policy makers will
raise the 6.25 percent benchmark borrowing cost.
Read more at Bloomberg Currencies News
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