(Reuters) - The dollar tumbled to a four-month low against the yen while the New Zealand dollar fell sharply versus the Japanese currency on Monday as worries about a credit crunch prompted an unwinding of risky carry trades.
The dollar fell to 117.19 yen on electronic trading platform EBS, its lowest level since late March, due partly to stop-loss position unwinding by Japanese retail investors.
Read more at Reuters Africa
The dollar fell to 117.19 yen on electronic trading platform EBS, its lowest level since late March, due partly to stop-loss position unwinding by Japanese retail investors.
Read more at Reuters Africa
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