Slide in Asian Stocks Cause Slide in Asian Stocks Cause Unwinding of Carry Trade, Greenback Still Hits 1-Year Highs vs Euro and Loonie
Thursday, September 11th, 2008
A slide in Asian stocks set off a wave of selling in Europe and US equities. The increased risk aversion boosted the Yen against most of its rivals as traders cut carry trade positions. The Euro continued falling reaching a new 1-year low vs the Dollar.
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crazy market
odin422 3 years ago