(Bloomberg) -- The euro traded near a record high
versus the yen before a report that's likely to show business
confidence in Germany rose to the highest since 1991.
The common European currency has gained 4 percent this
quarter against the yen as improving economic figures suggest
interest rates will rise from 3.75 percent, widening the
advantage over Japan's 0.5 percent borrowing cost. Europe's yield
premium has encouraged Japanese investors to buy assets there, as
part of the so-called carry trade.
Read more at Bloomberg Currencies News
versus the yen before a report that's likely to show business
confidence in Germany rose to the highest since 1991.
The common European currency has gained 4 percent this
quarter against the yen as improving economic figures suggest
interest rates will rise from 3.75 percent, widening the
advantage over Japan's 0.5 percent borrowing cost. Europe's yield
premium has encouraged Japanese investors to buy assets there, as
part of the so-called carry trade.
Read more at Bloomberg Currencies News
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