Excerpt from: Forex Analysis
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| April 22, 2008 | | Credit market worries continue to hamper emerging market currencies | Asian emerging market currencies are struggling in forex trading this morning. Forex trading strategy regarding Asian currencies should consider that US earnings reports are causing some concern.
It is apparent that credit market worries are not quite over yet, and that earnings reports are not entirely satisfying forex traders that all is recovering on the US market.
Asian currencies are falling on concerns that US consumers will be cutting back spending on goods as food and gas prices rise as well.
| Topic Tags: Asian currencies, currency trading, emerging market currencies, forex trading, forex trading Asian currencies, forex trading strategy, US earnings reports | |
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