Thursday, September 25, 2008

Emerging Market Currencies under Pressure

The markets continue to come under pressure as risk aversion and a real need for dollars is the dominante theme.

I maintain my biais toward weaker Emerging Market currencies as well as Interest Rate differentials narrowing as dollar rates remain well bid.

The big question is when will the "Big Dollar" turn and begin to go bid. Yes we have problems, but I think the real need for dollars globally will benifite the dollar. I am just not sure when.

Good Luck and Good Currency Trading.

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