(Bloomberg) -- The yen fell against the dollar and
traded near a record low against the euro as gains in global
stocks encouraged investors to borrow in Japan's currency to buy
assets elsewhere.
The yen slid against all 16 most-active currencies this week
as investors added to so-called carry trades, taking advantage of
Japan's interest rate, the lowest among industrialized nations.
The Japanese currency also dropped after China raised rates to
cool economic growth, prompting speculation demand for Japanese
exports in its third-largest market will slow.
Read more at Bloomberg Currencies News
traded near a record low against the euro as gains in global
stocks encouraged investors to borrow in Japan's currency to buy
assets elsewhere.
The yen slid against all 16 most-active currencies this week
as investors added to so-called carry trades, taking advantage of
Japan's interest rate, the lowest among industrialized nations.
The Japanese currency also dropped after China raised rates to
cool economic growth, prompting speculation demand for Japanese
exports in its third-largest market will slow.
Read more at Bloomberg Currencies News
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