(Reuters) - The yen hit a record low versus the euro on Friday and suffered broadly as the continuing view that Japanese rates will rise slowly prompted investors to sell the low-yielding yen for assets in currencies offering higher yields.
The dollar hovered near an all-time low against the euro and a 26-year trough versus sterling as traders remained cool on the currency due to worries about the U.S. subprime mortgage sector.
Read more at Reuters Africa
The dollar hovered near an all-time low against the euro and a 26-year trough versus sterling as traders remained cool on the currency due to worries about the U.S. subprime mortgage sector.
Read more at Reuters Africa
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