(Bloomberg) -- The yen fell to a record low against
the euro and a 16-year low against the Australian dollar as signs
of stronger global growth gave investors more confidence to buy
higher-yielding currencies with money borrowed in Japan.
Japan's yen has declined against all of the 16 most-traded
currencies since a July 6 report showed U.S. payrolls increased
faster than expected, suggesting growth in the world's biggest
economy is improving. The yen has dropped 13 percent against the
euro and 19 percent versus Australia's currency in the past year.
Read more at Bloomberg Currencies News
the euro and a 16-year low against the Australian dollar as signs
of stronger global growth gave investors more confidence to buy
higher-yielding currencies with money borrowed in Japan.
Japan's yen has declined against all of the 16 most-traded
currencies since a July 6 report showed U.S. payrolls increased
faster than expected, suggesting growth in the world's biggest
economy is improving. The yen has dropped 13 percent against the
euro and 19 percent versus Australia's currency in the past year.
Read more at Bloomberg Currencies News
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