Friday, August 22, 2008
Fears about more losses due to the current credit crisis helped the yen and Swiss franc to gains Thursday on the theory that investors will be less inclined to seek out risky currency trades funded with the low-yielding currencies. In late morning trade in New York the yen traded at ¥161.1536 to the euro, at ¥108.3350 to the US dollar and at ¥95.1723 to the Australian dollar, while the Swiss franc... [read more]
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