(Bloomberg) -- The yen declined to a record low versus
the euro and slid versus the dollar as gains in Asian stocks
encouraged investors to borrow Japan's currency to fund purchases
of higher-yielding assets.
Shares in Shanghai and Shenzhen reversed drops to spur a
regional advance on speculation China's economy will keep growing
even after the central bank raised interest rates for a fourth
time. An economic report last week showed an unexpected
improvement in U.S. consumer confidence, supporting investor
appetite for riskier investments including so-called carry trades.
Read more at Bloomberg Currencies News
the euro and slid versus the dollar as gains in Asian stocks
encouraged investors to borrow Japan's currency to fund purchases
of higher-yielding assets.
Shares in Shanghai and Shenzhen reversed drops to spur a
regional advance on speculation China's economy will keep growing
even after the central bank raised interest rates for a fourth
time. An economic report last week showed an unexpected
improvement in U.S. consumer confidence, supporting investor
appetite for riskier investments including so-called carry trades.
Read more at Bloomberg Currencies News
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