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The yen also rises
Oleh:
The Economist
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 386 no. 8572 (Mar. 2008)
,
page 81.
Topik:
Trade
;
Japan
;
Dollar
;
Yen
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.50
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
IN RECENT years the yen has been a profitable carry-trade currency, used by investors to borrow cheaply in order to splurge on risky assets around the world. If the carry trade is now part of a bygone era, so is the weakness of the yen. It has soared almost 30% against the dollar since June and on March 17th it hit a 12-year high of ¥95.76. After the Federal Reserve cut interest rates on March 18th, the dollar remained under pressure.
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