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Risk Aversion Rules the Morning!
By Mike Conlon | October 28, 2009
This means there is strength in USD and JPY, and weakness in the commodity currencies, with the yen leading the way. Yen crosses are the biggest gainers (AUD/JPY -1.8%), (NZD/JPY -1.85%), (CAD/JPY -1.25%). There’s also some strength in the British Pound (GBP) today as well.
A little later on I’m going to look at some charts, to update some older trades I talked about and to show some new ones and the effects these are going to have on other markets as well.
So check back later today!
Tags: AUD, British, cad, charts, commodity, currenc, currencies, gbp, jpy, market, Mike Conlon, nzd, pound, trade, trades, update, USD, Yen
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