(Reuters) - TOKYO - The dollar steadied on Tuesday as a rise in U.S. stocks overnight eased fears about deteriorating credit markets, and traders awaited U.S. data due later in the session for clues on the market's direction.
Concerns that problems in the U.S. subprime mortgage sector could spread to wider credit markets have prompted investors to cut risk exposure and unwind carry trades, in which they had borrowed low-yielding currencies such as the yen to buy higher-yielding assets.
Read more at Reuters.com Hot Stocks News
Concerns that problems in the U.S. subprime mortgage sector could spread to wider credit markets have prompted investors to cut risk exposure and unwind carry trades, in which they had borrowed low-yielding currencies such as the yen to buy higher-yielding assets.
Read more at Reuters.com Hot Stocks News
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