Sunday, July 15, 2007

Lehman Says Use Options to Bet on New Zealand Dollar Decline Versus Yen

(Bloomberg) -- Lehman Brothers Holdings Inc. is
recommending the use of options to bet that the New Zealand
dollar will be among the biggest losers versus the Japanese yen
as investor aversion to risky assets increases.

Widening credit spreads suggest demand for higher yielding
investments, such as those in New Zealand, may wane, analysts at
Lehman Brothers, the fourth-biggest U.S. securities firm, said
in a strategy note on July 12.


Read more at Bloomberg Currencies News

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