Monday, December 10, 2007
The yen turn down to a one month low versus the dollar and the euro on assumption the Federal Reserve will cut attention rates today, give confidence investors to buy higher yielding property funded by loans in Japan.
Japan's currency cut down the mainly against the Australian and New Zealand dollars, favorites in favor of so called carry trades, as global equities sophisticated and investors bet a rate drop will support the global economy. Futures deal show investors see 100 percent probability the Fed will lower its benchmark during the night rate by at least a quarter percentage points to 4.25 percent to stay a housing slump from sparking a depression.
Refer: http://www.bloomberg.com/apps/news?pid=20601087&sid=ab8bv.Q1Qpm0
&refer=home
Japan's currency cut down the mainly against the Australian and New Zealand dollars, favorites in favor of so called carry trades, as global equities sophisticated and investors bet a rate drop will support the global economy. Futures deal show investors see 100 percent probability the Fed will lower its benchmark during the night rate by at least a quarter percentage points to 4.25 percent to stay a housing slump from sparking a depression.
Refer: http://www.bloomberg.com/apps/news?pid=20601087&sid=ab8bv.Q1Qpm0
&refer=home
posted by stifxonline
@ 9:14 PM
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