Tuesday, September 4, 2007

Yen Gains as European Bank Losses Cause Paring of Carry Trades (Bloomberg.com)

Sept. 4 (Bloomberg) -- The yen rose against the 16 most- active currencies on speculation European banks will disclose more losses related to subprime mortgages, prompting traders to sell higher-yielding assets funded by loans in Japan.

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[Source: Yahoo! News Search Results for mortgages]

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