(Bloomberg) -- The Swiss franc headed for a sixth
weekly decline versus the dollar as expectations of higher
interest rates around the world fuel the so-called carry trade.
Low-yielding currencies such as the franc and Japan's yen
have fallen in recent months because their low interest rates make
them favorites for investors to borrow in to fund purchases of
higher-yielding assets. The franc slumped the most versus the
dollar in six months today as traders pare bets the U.S. Federal
Reserve will cut borrowing costs this year.
Read more at Bloomberg Currencies News
weekly decline versus the dollar as expectations of higher
interest rates around the world fuel the so-called carry trade.
Low-yielding currencies such as the franc and Japan's yen
have fallen in recent months because their low interest rates make
them favorites for investors to borrow in to fund purchases of
higher-yielding assets. The franc slumped the most versus the
dollar in six months today as traders pare bets the U.S. Federal
Reserve will cut borrowing costs this year.
Read more at Bloomberg Currencies News
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