(Bloomberg) -- The yen fell to a record low against
the euro on speculation signs of stronger global growth will
give investors confidence to buy higher-yielding currencies with
funds borrowed in Japan in so-called carry trades.
The yen was at 168.26 per euro at 6:57 a.m. in Tokyo and
dropped as low as 168.30, the weakest since the 13-nation
currency started trading. It traded at 168.05 per euro late in
New York July 6. The yen was at 123.43 per dollar from 123.34.
Read more at Bloomberg Currencies News
the euro on speculation signs of stronger global growth will
give investors confidence to buy higher-yielding currencies with
funds borrowed in Japan in so-called carry trades.
The yen was at 168.26 per euro at 6:57 a.m. in Tokyo and
dropped as low as 168.30, the weakest since the 13-nation
currency started trading. It traded at 168.05 per euro late in
New York July 6. The yen was at 123.43 per dollar from 123.34.
Read more at Bloomberg Currencies News
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