The yen rose against the Australian dollar and British pound as falling interest rates make it less attractive to buy overseas assets using funds from Japan. ``The RBA has suggested there will be another rate cut, while the ECB and the BOE may follow suit,'' said Kimihiko Tomita, head of foreign exchange in Tokyo at State Street Bank & Trust Co., a unit of the world's largest money manager. ``The yen will be one of the strongest currencies, and those in Europe and Australia will fall
No comments:
Post a Comment