Yen slips in newfound calm while sterling climbs after jobs data

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LONDON : The yen fell for a second day on Tuesday as calmer trading conditions prevailed before U.S. inflation data, while the pound rose after figures showed the British unemployment rate unexpectedly fell in June. Currency markets have been rocked by a sharp rally in the yen since July that has prompted - and been driven by - an unwinding of a highly popular investment strategy called the carry trade and contributed to a slide in stocks. Yet the dollar rose 0.33 per cent against the yen on

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Yen slips in newfound calm while sterling climbs after jobs data https://www.channelnewsasia.com/ - 13.08.2024 08:37

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Yen slips in newfound calm while sterling climbs after jobs data https://www.channelnewsasia.com/ - 13.08.2024 08:37