Sunday, December 2, 2007

Yen Fall as Global Stocks Surge

The yen fell versus high-yielding currencies as global stocks rebounded this week. Carry trades came back to the market as investors regained their risk appetite.

The greenback gained as US corporations squared positions to realize profits on financial statements by the end of the month. The euro dipped to lower 1.46 versus the dollar, and the sterling fell to below 2.06.
read more:Yen Fall as Global Stocks Surge


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