(Bloomberg) -- The euro dropped to its weakest in
almost a month against the yen and to the lowest in a week
against the dollar as European stock markets declined.
Global stocks have slumped and U.S. Treasury yields soared
to the highest in almost a year on expectations central banks
round the world will raise interest rates. The yen strengthened
against 15 of the 16 most actively traded currencies as the
decline in stocks prompted investors to sell higher-yielding
assets funded by borrowing at lower rates in Japan.
Read more at Bloomberg Currencies News
almost a month against the yen and to the lowest in a week
against the dollar as European stock markets declined.
Global stocks have slumped and U.S. Treasury yields soared
to the highest in almost a year on expectations central banks
round the world will raise interest rates. The yen strengthened
against 15 of the 16 most actively traded currencies as the
decline in stocks prompted investors to sell higher-yielding
assets funded by borrowing at lower rates in Japan.
Read more at Bloomberg Currencies News
No comments:
Post a Comment