Thursday, August 2, 2007

Renewed fears over problems in the credit markets saw investors dump risky assets early in the session.

Carry traders stage tactical retreat

David Woo, at Barclays Capital, said swings on the world’s equities markets were likely to remain the driving force behind currency moves. He said if equities continued to perform weakly, risky currencies were likely to perform poorly, in particular commodity linked currencies such as the Australian and New Zealand dollars.

Posted by chris :-)) @ 03:31 AM (360 views)
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