(Bloomberg) -- The yen fell to a record low against
the euro and dropped for a fifth day versus the dollar as a rally
in Asian stocks gave investors more confidence to buy higher-
yielding assets with money borrowed in Japan.
The currency also slid to a 16-year low against the
Australian dollar, taking losses in the past year to 13 percent,
as investors increased so-called carry trades. A stronger-than-
expected U.S. employment report added to optimism global economic
growth will be sustained, increasing the appetite of fund
managers for riskier assets.
Read more at Bloomberg Currencies News
the euro and dropped for a fifth day versus the dollar as a rally
in Asian stocks gave investors more confidence to buy higher-
yielding assets with money borrowed in Japan.
The currency also slid to a 16-year low against the
Australian dollar, taking losses in the past year to 13 percent,
as investors increased so-called carry trades. A stronger-than-
expected U.S. employment report added to optimism global economic
growth will be sustained, increasing the appetite of fund
managers for riskier assets.
Read more at Bloomberg Currencies News
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