(Bloomberg) -- The yen fell from a two-month high
against the dollar as Japanese individual investors sold the
currency to invest in higher-yielding assets.
The yen has declined against all of the 16 most-active
currencies in the past three months as the lowest borrowing costs
among major economies encouraged so-called carry trades. An
Australian government report today showed faster-than-expected
inflation, sparking speculation of a rate increase next month and
pushing the local dollar to the strongest since 1989.
Read more at Bloomberg Currencies News
against the dollar as Japanese individual investors sold the
currency to invest in higher-yielding assets.
The yen has declined against all of the 16 most-active
currencies in the past three months as the lowest borrowing costs
among major economies encouraged so-called carry trades. An
Australian government report today showed faster-than-expected
inflation, sparking speculation of a rate increase next month and
pushing the local dollar to the strongest since 1989.
Read more at Bloomberg Currencies News
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