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Excerpt from:  GFT Analysts in the News
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November 14, 2007

High Yielders Up in Forex Trading

Equity market recoveries boost high yielders in currency trading
High yielders like the Australian dollar are up in forex trading today as strong equity markets help reduce some of the risk aversion being seen on the currency market. Yielders are nudging upward as the carry trade resumes in currency trading. Reuters reports on high yielders in forex trading:

"It's all coming from a very strong recovery in U.S. equity markets, the same in Asia, and then European equity markets opening higher this morning... So high yielders are coming back a little," said Niels Christensen, FX strategist at Nordea.
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PermalinkHigh Yielders in Currency Trading
.Forex trading on the currency market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  currency market, currency trading, equity markets, forex trading, high yielders currency trading, high yielders forex trading, risk aversion
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