(Bloomberg) -- The yen was the best-performing
major currency today on speculation investors will pare so-
called carry trades after U.S. stocks declined.
A slide in the Standard & Poor's 500 Index on concerns
losses tied to subprime mortgages will deepen may reduce
appetite for risky investments funded with loans in yen. Japan's
currency is the world's worst performer this quarter as the
lowest interest rate among major economies encouraged investors
to borrow in Japan to buy higher yielding assets overseas.
Read more at Bloomberg Currencies News
major currency today on speculation investors will pare so-
called carry trades after U.S. stocks declined.
A slide in the Standard & Poor's 500 Index on concerns
losses tied to subprime mortgages will deepen may reduce
appetite for risky investments funded with loans in yen. Japan's
currency is the world's worst performer this quarter as the
lowest interest rate among major economies encouraged investors
to borrow in Japan to buy higher yielding assets overseas.
Read more at Bloomberg Currencies News
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