Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Foreign Exchange Rates
|  | | May 07, 2008 | | Korean won leads emerging markets down in currency trading | Asian currencies in emerging markets are heading down in currency trading on the FX market this morning. Thanks to worries over the credit crisis, as well as widening trade deficits due to record oil prices, Asian currencies are struggling in forex trading.
This downward trend by emerging markets in Asia is led by the Korean won, which has been especially hard hit and is down 8.6 percent on the year.
Other Asian currencies having trouble in forex trading right now are the Philippine peso and the Indonesian rupiah.
| Topic Tags: Asian currencies, currencies forex trading, currency trading, emerging markets currency trading, forex trading, FX market, Korean won, record oil prices | |
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