THE Australian and New Zealand dollars scaled new 17-year tops on the low yielding yen on Monday thanks to persistent carry trade demand, although risk of a reversal looms as Japan stands ready to stop its currency’s fast declines.
THE Australian and New Zealand dollars scaled new 17-year tops on the low yielding yen on Monday thanks to persistent carry trade demand, although risk of a reversal looms as Japan stands ready to stop its currency’s fast declines.