Excerpt from: Forex News
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| October 01, 2008 | | FX trading with Asian currencies | The Taiwan dollar is gaining in currency trading today. In FX trading, many emerging Asian currencies follow the U.S. dollar and the U.S. economy.
With a measure of calm returning after the uproar following the House defeat of the bailout bill, the Taiwan dollar is on the rise in currency trading. Bloomberg reports on FX trading with Asian currencies:
``The Taiwan dollar had firmed a little bit by the end of
yesterday compared to its opening level, and that was generally
the pattern around the region,'' said David Cohen, an economist
at Action Economics in Singapore. ``After the failure to pass
that package on Monday by the U.S., it really sent people
running to the hills everywhere. Now there's a sense of calm
returning.'' | Topic Tags: Asian currencies, currency trading, emerging currencies, FX trading, FX trading currencies, House bailout, Taiwan dollar currency trading | |
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