(Bloomberg) -- The yen fell from a one-month high
against the dollar and dropped against the euro as U.S. stocks
were little changed, suggesting investors may slow a flight from
risky assets.
The yen fell against 15 of the 16 most active currencies.
It rallied earlier today as investors fled risky trades
following Moody's Investors Service's move yesterday to cut
ratings on $5.2 billion of bonds backed by U.S. subprime
mortgages. The ratings reduction led some traders to exit so-
called carry-trade bets financed by borrowing yen.
Read more at Bloomberg Currencies News
against the dollar and dropped against the euro as U.S. stocks
were little changed, suggesting investors may slow a flight from
risky assets.
The yen fell against 15 of the 16 most active currencies.
It rallied earlier today as investors fled risky trades
following Moody's Investors Service's move yesterday to cut
ratings on $5.2 billion of bonds backed by U.S. subprime
mortgages. The ratings reduction led some traders to exit so-
called carry-trade bets financed by borrowing yen.
Read more at Bloomberg Currencies News
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