Monday, June 4, 2007

Dollar falls as investors favor high-yielders

(Reuters) - The euro jumped to a record high against the low-yielding yen and sterling, the Australian and New Zealand dollars to hit fresh multi-year peaks.




A tumble of more than 8 percent in China's benchmark equity index gave the yen brief respite earlier in the session. But unlike late February, when a sell-off on the Shanghai bourse sparked slides in global equity markets and liquidation of foreign exchange carry trades, Monday's gains in the yen were modest.


Read more at Reuters.com Hot Stocks News

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