(Bloomberg) -- The yen rose against all 16 of the
most actively traded currencies as global equities fell and
traders bought back yen used to finance investments in other
countries.
Japan's currency rose to an almost three-month high against
the dollar, 2.2 percent against the New Zealand dollar and 1.2
percent against the pound. The 10-year swap spread, a gauge of
what companies pay over benchmark lending rates, rose to 73.75
basis points, the highest since February 2002.
Read more at Bloomberg Currencies News
most actively traded currencies as global equities fell and
traders bought back yen used to finance investments in other
countries.
Japan's currency rose to an almost three-month high against
the dollar, 2.2 percent against the New Zealand dollar and 1.2
percent against the pound. The 10-year swap spread, a gauge of
what companies pay over benchmark lending rates, rose to 73.75
basis points, the highest since February 2002.
Read more at Bloomberg Currencies News
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