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North Korea launches another missile. See how it affected currencies!
By Sean Hyman | May 25, 2009
Just a quick Memorial Day note…on a day when we’re supposed to be honoring our fallen soldiers and those in our miliary, North Korea launches a missile. Coincidence? I think not! They love the attention…and no better way to get it than with most of the markets shut down and not much going on in the world. This way they get the “maximum exposure”. They’ve defied U.N. warnings. We’ll see if anything happens. Since the missiles are usually pointed towards Japan..the yen takes it on the chin the worst, as money runs to the defense of the dollar. Click on the chart to enlarge it and to see its impact…as the yen tanked hard vs. the dollar. 
Tags: blog, buck, dollar, dow, forex, forextrading, greenback, Japan, launch, market, missile, money, North Korea, nuke, ssi, U.N, U.S., warning, Yen
Topics: What To Look At In The Market | 1 Comment »
May 25th, 2009 at 4:42 pm
Thanks for the Post. I was in a trade last night short on the dollar And I saw the heavy price action move. I was wondering what happened. It is not until I read this post that I figured out what happened.
Thanks
Any how I would like to honor all of our soldiers and families that have made the “ulitmate” sacrifice by giving thier all this Memorial Day.