Excerpt from: Forex Forecast
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| August 27, 2008 | | Asian currencies to drop in FX trading | The forex trading forecast calls for Asian currencies to falter in coming months. Most of the currencies expected to drop in FX trading are in emerging markets that are very dependent on U.S. dollar sentiment.
As the U.S. dollar firms up in currency trading, many emerging market currencies will find that investors want to shift their asset allocation so that they have dollars, rather than local currencies. Bloomberg reports on Asian currencies in FX trading:
``Asian assets, including currencies, will take a major hit
in the period ahead as the world downshifts,'' Stephen Jen, the
London-based head of currency research at Morgan Stanley, wrote
in a note yesterday. | Topic Tags: currencies, currencies FX trading, currency trading, emerging markets, forex trading Asian currencies, forex trading forecast, U.S. dollar currency trading | |
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