Forex – Dollar off fresh low against euro with no let-up in US subprime concerns – Forbes. LONDON (Thomson Financial) – The dollar was just off a fresh all-time low against euro, with little sign of a let-up in concerns surrounding the US subprime sector. PK – news – people ) is expected to hike at least once more in the months leading up to year-end,’ said John Noonan at Thomson IFR Markets. The Japanese currency firmed on Friday as appetite for the risky carry trade – where investors borrow in low-yielding currencies to invest in high-yielding ones elsewhere – waned due to concern about movements in the credit markets. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
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