(Bloomberg) -- The Czech koruna rose against the
euro for the first day eight as a drop in global equity markets
prompted investors to unwind so-called carry trades, moving to
low interest-rate currencies.
In carry trades, investors borrow in low interest-rate
currencies, such as the Japanese yen or the Czech koruna, and buy
other higher yielding assets. The yen today rose the most in 10
weeks versus the dollar after Japanese Finance Minister Koji Ami
warned investors yesterday they were taking risks in making one-
way bets against the currency in carry trades.
Read more at Bloomberg Currencies News
euro for the first day eight as a drop in global equity markets
prompted investors to unwind so-called carry trades, moving to
low interest-rate currencies.
In carry trades, investors borrow in low interest-rate
currencies, such as the Japanese yen or the Czech koruna, and buy
other higher yielding assets. The yen today rose the most in 10
weeks versus the dollar after Japanese Finance Minister Koji Ami
warned investors yesterday they were taking risks in making one-
way bets against the currency in carry trades.
Read more at Bloomberg Currencies News
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