(Reuters) - The yen inched up after Asian stock markets tracked a drop in U.S. and European shares and took some of the shine off risky positions such as carry trades, in which purchases of higher-yielding assets are funded with the low-yielding Japanese currency.
After raising rates to a six-year high on Wednesday, the ECB showed its readiness to tackle inflation risks, but President Jean-Claude Trichet gave limited guidance on how soon additional rises would come, or how much tightening remains in store.
Read more at Reuters.com Hot Stocks News
After raising rates to a six-year high on Wednesday, the ECB showed its readiness to tackle inflation risks, but President Jean-Claude Trichet gave limited guidance on how soon additional rises would come, or how much tightening remains in store.
Read more at Reuters.com Hot Stocks News
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