Grim market mood sends yen, US$ up against euro

London

A GRIM mood on global financial markets sent investors searching for the traditional security of the US dollar and yen on Thursday, driving both higher against a euro weakened by the prospect of prolonged low inflation and negative interest rates.

A 1.5 per cent surge for the New Zealand dollar after interest rates there were kept on hold had been by far the biggest move on major currency mark…