Financial Times FT.com

Global equity rally depresses yen

By Peter Garnham

Published: November 30 2007 10:52 | Last updated: November 30 2007 18:24

The yen was the big loser this week as a sharp rally in global equity markets weighed on the low-yielding currency.

Stocks surged as news that Abu Dhabi was set to take a stake in Citigroup, the largest US bank, soothed some concerns over the health of the financial sector.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this