(Bloomberg) -- Options traders are growing more
bullish on the euro against the yen, suggesting the 13-nation
currency will extend its rally after touching a record high.
Investors are stepping up purchases of options giving the
right to bet on euro gains as they speculate European interest
rates are poised to rise while those in Japan hold steady.
Investors' appetite for a risky strategy known as the carry
trade, where they borrow in yen to buy euros, has also grown
since a report last week suggested U.S. inflation is cooling.
Read more at Bloomberg Currencies News
bullish on the euro against the yen, suggesting the 13-nation
currency will extend its rally after touching a record high.
Investors are stepping up purchases of options giving the
right to bet on euro gains as they speculate European interest
rates are poised to rise while those in Japan hold steady.
Investors' appetite for a risky strategy known as the carry
trade, where they borrow in yen to buy euros, has also grown
since a report last week suggested U.S. inflation is cooling.
Read more at Bloomberg Currencies News
No comments:
Post a Comment