(Bloomberg) -- The yen fell against the euro and
dollar, snapping a three-day winning streak, on speculation
investors resumed sales of the currency in search of higher
returns elsewhere through so-called carry trades.
Japan's yen declined against 15 of the 16 most-active
currencies after U.S. stocks gained yesterday, ending three days
of losses. The yen dropped the most against New Zealand's dollar,
where an 8 percent benchmark interest rate compares with Japan's
0.5 percent, the lowest among the major economies.
Read more at Bloomberg Currencies News
dollar, snapping a three-day winning streak, on speculation
investors resumed sales of the currency in search of higher
returns elsewhere through so-called carry trades.
Japan's yen declined against 15 of the 16 most-active
currencies after U.S. stocks gained yesterday, ending three days
of losses. The yen dropped the most against New Zealand's dollar,
where an 8 percent benchmark interest rate compares with Japan's
0.5 percent, the lowest among the major economies.
Read more at Bloomberg Currencies News
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