(Reuters) - The yen hung near a 4-1/2-year low versus the dollar on Thursday, weighed down as investors continued to use the currency to buy higher-yielding units such as the New Zealand dollar in carry trades.
The kiwi struck a 22-year peak of $0.7660 as market players brushed aside the Reserve Bank of New Zealand's attempts to stem the currency's strength in the past two weeks and chased its steep short-term yield of 8 percent.
Read more at Reuters Africa
The kiwi struck a 22-year peak of $0.7660 as market players brushed aside the Reserve Bank of New Zealand's attempts to stem the currency's strength in the past two weeks and chased its steep short-term yield of 8 percent.
Read more at Reuters Africa
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