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To: Rarebird who wrote (38312)8/4/1999 9:30:00 AM
From: Rarebird  Respond to of 116764
 
LONDON (Reuters) - The euro broke through stiff resistance to trade at a three-month high on the bruised dollar Wednesday, while European share markets kept close to overnight levels in thin holiday trade.

dailynews.yahoo.com



To: Rarebird who wrote (38312)8/4/1999 9:32:00 AM
From: Rarebird  Respond to of 116764
 
Hedge funds getting wary on yen carry trade. Gold Carry trade soon to follow?


TOKYO, Aug 3 (Reuters) - Bank of Japan (BOJ) Governor Masaru Hayami said on Tuesday that overseas hedge funds were becoming cautious about yen carry trades, in which they borrow yen outright at low interest rates to invest in dollar-based assets.

biz.yahoo.com