Economics
Yen Surges as Traders Wager China’s Slowdown Harms Global Growth
- Japan’s currency rebounds from the lowest level since July
- Deutsche Bank sees ‘plenty of scope’ for extended advance
China Exports Fall Most in 7 Months
This article is for subscribers only.
The yen climbed after a report showing the weakest Chinese exports since February dimmed the outlook for global economic growth and fueled refuge demand.
Japan’s currency rose against most of its 31 major counterparts on the latest signs of a slowdown in the world’s second-largest economy. Deutsche Bank AG strategists said in a note there’s "still plenty of scope for strength" in the yen.