Yen Rises as Traders Pare Carry Trades on Credit-Market Losses (Bloomberg.com)
Story date: 2008-01-11 02:17:01
Added on: 2008-01-11 02:49:33
Jan. 11 (Bloomberg) -- The yen rose against all but one of the world's 16 most-active currencies as signs credit-market losses are worsening prompted investors to pare carry trades, where they use funds from Japan to buy higher-yielding assets.
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