Tuesday, September 4, 2007

Yen Gains Versus Euro as Carry Trade Pared Before U.S. Data (Bloomberg.com)

Sept. 4 (Bloomberg) -- The yen strengthened against the euro on speculation U.S. manufacturing is slowing because of losses from subprime mortgages, causing investors to sell higher-yielding assets bought with money borrowed in Japan.

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[Source: Yahoo! News Search Results for mortgages]

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