Tag: Trade
Yen Gains as Deepening U.S. Recession Curbs Carry Trade Demand
By Stanley White and Ron Harui
Nov. 25 (Bloomberg) — The yen rose before U.S. reports today that economists forecast will show the recession in the world’s largest economy is deepening, prompting investors to cut holdings of higher-yielding assets financed in Japan.
Posted: November 25th, 2008 under News.
Tags: Dollar, Economy, Euro, Trade, U.S. Recession, Yen
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