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View Full Version : Yen Drops to Five-Month Low Versus Euro as Investors Seek Yield - Bloomberg



NewsWhore
03-24-2009, 06:41 AM
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Yen Drops to Five-Month Low Versus Euro as Investors Seek Yield (http://news.google.com/news/url?sa=T&ct=us/9-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaVcF2xz0eZa0%26refer%3Dhome&cid=1319158924&ei=6bnISf7wFuWgmAeVltCnDw&usg=AFQjCNH5VsIGhm4tO9CBCRMFwro7riQYCw)
Bloomberg
“Equity markets are rebounding on the back of Geithner’s plan and that’s providing support for higher-yielding currencies, which is negative for the yen,” said Ian Stannard, a currency strategist at BNP Paribas SA in London. ...


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