FX trading with emerging market currenciesFX trading with emerging market currencies should consider that the South African rand is gaining against the U.S. dollar right now as risk appetite gets a bit of a boost, as well as the fact that the U.S. dollar is likely to be sold soon. Bloomberg reports on the South African rand in forex trading:
The rand advanced against the 16 most-traded currencies monitored by Bloomberg today as stocks rose for a third day in Johannesburg. The currency of Africa’s biggest economy also strengthened on speculation South Afr (more…)
Currency trading favors high yielders
With risk aversion subsiding, thanks to a rebound in world equity markets, some high yielders are gaining as the yen drops in forex trading. The carry trade is back on for many, and there is increased pressure on the Japanese yen in currency trading on the FX market. Reuters reports on the yen in forex trading:
"We’ve had friendly stockmarkets so there has been less risk aversion and that has seen investors sell the yen," said Antje Praefcke, currency strategist at Commerzbank Corporates a (more…)
Yen in forex tradingThe Japanese yen is gaining on the FX market this morning as risk aversion comes to the fore. The yen is rising against the U.S. dollar and the euro in currency trading as global equities fall and worries continue over the credit crisis. The ECB’s move, as well as the Fed’s, to pump liquidity into the market does not appear to be building the confidence expected. Bloomberg reports on the rise of the Japanese yen in forex trading on the currency market:
“There are risk aversion factors at play, (more…)
Yen and forex tradingSince the Chinese yuan (also called the renminbi) cannot be traded by individual traders on the FX market, some people view the Japanese yen as a proxy for the yuan in some cases. Right now, the Japanese yen is up in currency trading, with a little help from Chinese economic data. Reuters reports on the yen and forex trading:
"People tend to see a real close link between Japan and China. In such thin markets it (a Chinese rate hike) gives the yen a little lift," said Praefcke at CBCM.See AlsoYen Forex Trading(more…)
