218660 Resource 119241 120646 120646 1227271494132 1227271494132 Controlled Risk Sends Asian Currencies Lower in FX Trading

Emerging market currencies hit by risk aversion

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Even though equities are rebounding around the world this morning, there is still a great deal of risk aversion on the currency market. And this means that emerging market Asian currencies are being hit in FX trading.</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;">The forex trading forecast for Asian currencies is likely to remain somewhat negative, since many traders will want to wait and see how the global economy does. They also want to make safer plays until the recession ends. <br /><br /><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=a57WnPhxu0BI&refer=currency" target="_blank" title="emerging market currencies, Asian currencies, currencies FX trading, Asian trading, emerging market, forex trading forecast, forex forecast currencies, global economy, recession">Bloomberg reports on emerging market currencies in Asia</a>:</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-family: verdana,arial,helvetica,sans-serif;"><font size="2">``Sentiment is likely to remain negative on Asian currencies and equity markets, given concerns over the duration and depth of a global recession,'' said <a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Jimmy+Koh&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">Jimmy Koh</a>, head of treasury research at United Overseas Bank Ltd. in Singapore.</font></div> 9 application/xml false Asian currencies Asian trading currencies FX trading emerging market emerging market currencies forex forecast currencies forex trading forecast global economy recession Forex trading with world currencies http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119241 blog blogsite/GFTForex/web