(Bloomberg) -- The dollar headed for a second
monthly decline against the euro and pound as strengthening
global equity markets eased concern that tightening credit
conditions will drive investors from riskier assets.
Investors sold the U.S. currency and the yen today to buy
higher-yielding assets in New Zealand and Australia. The risk of
owning corporate bonds fell by the most in at least three years,
according to traders of credit-default swaps.
Read more at Bloomberg Currencies News
monthly decline against the euro and pound as strengthening
global equity markets eased concern that tightening credit
conditions will drive investors from riskier assets.
Investors sold the U.S. currency and the yen today to buy
higher-yielding assets in New Zealand and Australia. The risk of
owning corporate bonds fell by the most in at least three years,
according to traders of credit-default swaps.
Read more at Bloomberg Currencies News
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