Yen, Gold ETFs Surge While Commodities Tumble
October 06, 2008 at 18:00 PM EDT
The tide has turned for the Japanese yen as the credit market collapse is sending the currency way back up, and exchange traded funds (ETFs) will follow. This same credit market collapse that sent Lehman Brothers down also sent borrowing costs sky high in Europe and is now beginning to unwind the carry trade. Ye Xie for [...]
