The yen fell to a six-month low versus the dollar after reports showed manufacturing in China, Europe, and the U.K. expanded last month, driving demand for risk and underscoring Japan’s currency’s role in the carry trade.
A transatlantic tie-up has been delayed as both firms weigh a tax bill that one consultant speculates could run into the "tens of millions."
Move shows China's confidence in the currency's recent gains, analysts say.
Treasury & Risk is pleased to announce this year's finalists.
Sponsored by OANDA
Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.