(Bloomberg) -- The euro may strengthen to a record
173 yen this year as a strengthening economy and rising interest
rates attract investment into the region's assets, said Masaki
Fukui at Mizuho Corporate Bank Ltd. in Tokyo.
Europe's currency touched a record high of 164.29 yen May 29,
on speculation European Central Bank officials this week will
raise borrowing costs and signal they will keep rising. The euro
has strengthened almost 14 percent against the yen in the past
year as the rate differential between the two economies widened.
Read more at Bloomberg Currencies News
173 yen this year as a strengthening economy and rising interest
rates attract investment into the region's assets, said Masaki
Fukui at Mizuho Corporate Bank Ltd. in Tokyo.
Europe's currency touched a record high of 164.29 yen May 29,
on speculation European Central Bank officials this week will
raise borrowing costs and signal they will keep rising. The euro
has strengthened almost 14 percent against the yen in the past
year as the rate differential between the two economies widened.
Read more at Bloomberg Currencies News
No comments:
Post a Comment