(Bloomberg) -- Canada's dollar fell for the first
time in four days as investors sold currencies tied to commodity
exports on concerns U.S. subprime credit losses will spread,
slowing the global economy.
Commodity-linked currencies fell last week as investors
shunned the practice known as ``carry-trade'' in which investors
borrow in Japan to buy assets in economies such as Canada where
rates are believed headed higher. The benchmark lending rate in
Japan is 0.5 percent, while Canada's is 4.50 percent.
Read more at Bloomberg Currencies News
time in four days as investors sold currencies tied to commodity
exports on concerns U.S. subprime credit losses will spread,
slowing the global economy.
Commodity-linked currencies fell last week as investors
shunned the practice known as ``carry-trade'' in which investors
borrow in Japan to buy assets in economies such as Canada where
rates are believed headed higher. The benchmark lending rate in
Japan is 0.5 percent, while Canada's is 4.50 percent.
Read more at Bloomberg Currencies News
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