(Bloomberg) -- The Australian and New Zealand dollars
surged to the highest in more than 15 years against the yen as
traders were attracted to the higher returns on investments.
New Zealand's dollar was this week's biggest gainer versus
the yen among the 16 most-traded currencies, with Australia's
third, as signs of a stronger U.S. economy and rising global
equity markets encouraged investors to take on more risk. Traders
increased so-called carry trades, where they borrow in countries
with lower interest rates to fund higher-yielding investments.
Read more at Bloomberg Currencies News
surged to the highest in more than 15 years against the yen as
traders were attracted to the higher returns on investments.
New Zealand's dollar was this week's biggest gainer versus
the yen among the 16 most-traded currencies, with Australia's
third, as signs of a stronger U.S. economy and rising global
equity markets encouraged investors to take on more risk. Traders
increased so-called carry trades, where they borrow in countries
with lower interest rates to fund higher-yielding investments.
Read more at Bloomberg Currencies News
No comments:
Post a Comment