(Bloomberg) -- The euro strengthened to a record
against the yen and advanced versus the dollar on expectations
the European Central Bank will raise interest rates tomorrow and
signal further increases this year.
The euro has gained for four straight days against the yen
as the extra yield investors earn on European two-year debt over
similar maturity Japanese bonds widened to near a five-year
high. The yen is the world's worst performing currency against
the dollar so far this quarter, declining 3.2 percent, as
Japanese investors seek higher-yielding assets overseas.
Read more at Bloomberg Currencies News
against the yen and advanced versus the dollar on expectations
the European Central Bank will raise interest rates tomorrow and
signal further increases this year.
The euro has gained for four straight days against the yen
as the extra yield investors earn on European two-year debt over
similar maturity Japanese bonds widened to near a five-year
high. The yen is the world's worst performing currency against
the dollar so far this quarter, declining 3.2 percent, as
Japanese investors seek higher-yielding assets overseas.
Read more at Bloomberg Currencies News
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