211876 Resource 119241 120646 120646 1219841556099 1219841556099 Controlled Forex Trading Forecast: Asian Currencies

Asian currencies to drop in FX trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">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.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">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. </span><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aw2tgrmQ84BA&refer=currency" target="_blank" title="currencies FX trading, forex trading forecast, forex trading Asian currencies, emerging markets, currencies, currency trading, U.S. dollar currency trading" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on Asian currencies in FX trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">``Asian assets, including currencies, will take a major hit in the period ahead as the world downshifts,'' <a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Stephen+Jen&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Stephen Jen</a>, the London-based head of currency research at Morgan Stanley, wrote in a note yesterday.</font></div> 9 application/xml false currencies currencies FX trading currency trading emerging markets forex trading Asian currencies forex trading forecast U.S. dollar currency trading World currencies in FX trading http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.16) Gecko/20080702 Firefox/2.0.0.16 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119241 blog blogsite/GFTForex/web