Forex trading strategy should keep in mind that Asian currencies are dropping this morning after the G7 meeting focused so much on US dollar weakness in currency trading on the FX market.
``The G-7 statement alluded to a preference for a stronger
dollar, so expect to see some stock losses in a knee-jerk
reaction,'' said Suresh Kumar Ramanathan, a rates and currency
strategist at CIMB Investment Bank Bhd. in Kuala Lumpur. ``That's
not good for Asian currencies in the short term.''
Topic Tags: currency trading, currency trading FX market, emerging market currencies, forex trading Asian currencies, forex trading strategy, G7 meeting, US dollar currency trading, US dollar weakness
DISCLAIMER: These resources and the information provided herein should not be relied upon as a substitute for extensive independent research. These resources and the information they contain does not take into account any particular individual's investment objectives, financial situation, or needs. Any projections or views of the market provided by the authors may not prove to be accurate. GFT will not be responsible for any losses on investments made by readers as a result of the information contained in this column. GFT does not render investment, legal, accounting, tax or other professional advice. You may want to consider contacting a competent professional prior to making investment decisions.