(Reuters) - The dollar hovered near a record low against the euro and its weakest in more than 20 years versus sterling and the New Zealand dollar on Tuesday as concern about the U.S. subprime market kept it under selling pressure.
The yen slipped, hitting a 16-year low against the Australian dollar as traders returning after a Japanese public holiday sold the low-yielding currency for assets in higher-yielding ones in what many in the market call the "carry" trade.
Read more at Reuters Africa
The yen slipped, hitting a 16-year low against the Australian dollar as traders returning after a Japanese public holiday sold the low-yielding currency for assets in higher-yielding ones in what many in the market call the "carry" trade.
Read more at Reuters Africa
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