Monday, July 9, 2007

Ever-popular carry trades send yen to fresh troughs

(Reuters) - The dollar hovered near a 4-1/2-year high against the yen but stayed on the back foot against the euro, failing to get a lasting boost from Friday's surprisingly strong U.S. jobs data.




Despite strong U.S. economic releases, the Federal Reserve is expected to keep interest rates on hold this year, a negative factor for the dollar when central banks around the globe are tightening monetary policy.


Read more at Reuters.com Hot Stocks News

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