Excerpt from:  Forex Analysis
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April 14, 2008

Forex Trading Strategy: Asian Currencies

G7 meeting takes focus to US dollar
Many Asian currencies respond rather forcefully to movements in the US dollar in currency trading.
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.

Many Asian currencies respond rather forcefully to movements in the US dollar in currency trading. Bloomberg reports on emerging market currencies in Asia:

``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.''
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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

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