(Reuters) - A surge in U.S. Treasury yields to five-year highs this week on an upbeat economy outlook has stoked demand for the dollar.
The yen lost ground as stronger stock markets helped maintain a high level of risk appetite, leading investors to re-enter carry trades, where they borrow low-yielding currencies to invest in higher yielding assets.
Read more at Reuters.com Hot Stocks News
The yen lost ground as stronger stock markets helped maintain a high level of risk appetite, leading investors to re-enter carry trades, where they borrow low-yielding currencies to invest in higher yielding assets.
Read more at Reuters.com Hot Stocks News
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