(Reuters) - Robust global growth, buoyant stocks and renewed calm after a sell-off in major bond markets have prompted investors to borrow funds in currencies like the yen to purchase higher-yielding currencies such as the Australian and New Zealand dollars.
"Carry trades are the underlying driver of the whole move," said Luke Waddington, head of FX trading at Royal Bank of Scotland in Tokyo.
Read more at Reuters.com Hot Stocks News
"Carry trades are the underlying driver of the whole move," said Luke Waddington, head of FX trading at Royal Bank of Scotland in Tokyo.
Read more at Reuters.com Hot Stocks News
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