Excerpt from: Forex Analysis
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| April 06, 2009 | | Forex traders optimistic | Risk appetite is ramping up on the currency market today. Indeed, even after last week's unemployment data, forex traders seem optimistic. Indeed, after the G20 summit in London last week, there is a renewed positivity with the currency market.
The U.S. dollar is on a roll against the Japanese yen, as risk appetite is the order of the day. Other currencies are also gaining against the yen as the carry trade gains popularity on the hopes that earnings can be made off of yield differences.
Optimism that nations around the world will support economic stimulus efforts is likely to keep risk appetite popular for at least a little while -- unless something happens to shake confidence in the global financial system.
| Topic Tags: currency market, currency trading, forex traders, forex trading, G20 summit, risk appetite, U.S. dollar | |
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