Wednesday, June 27, 2007

Yen up broadly as risk appetite ebbs

(Reuters) - The yen rose broadly on Wednesday and high yielders dipped as worries about the U.S. subprime mortgage sector dimmed appetite for the carry trade.

Falling stock markets, due partly to concerns about the exposure of U.S. lenders to subprime mortgages, have reduced investor interest in risky assets around the world.


Read more at Reuters Africa

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