Subscribe to the "Risk Aversion Driving the FX Market" web feed.Subscription options...
Excerpt from:  GFT News
.
January 30, 2008

Risk Aversion Driving the FX Market

Currency trading with low yielders
Concerns about the US economy, and equities, are affecting the FX market.
– 
Currency Analyst
Low yielding currencies like the Japanese yen and the Swiss franc are on the rise in forex trading on the currency market as risk aversion sets in. Concerns about the US economy, and equities, are affecting the FX market. The carry trade, a risky move in currency trading, is unpopular right now as people worry about the market. Bloomberg reports on the Japanese yen and Swiss franc in forex trading:

``The market is driven by fear,'' said Hans-Guenter Redeker, London-based head of currency strategy at BNP Paribas SA, France's biggest bank. ``People are shifting to safe currencies such as the yen and the Swiss franc when it's clear that distress in the financial sector is far from over.''
Bookmark and Share
.
PermalinkSwiss Franc Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  carry trade, currency market, currency trading, forex trading, FX market, Japanese yen, low yielding currencies, risk aversion, Swiss franc forex trading
by mmarquit | ↑top | link to this#
Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription