Wednesday, October 17, 2007

Forex Education Trading Strategies : Yen Gains on Increased Risk Aversion



Green backs, mostly trading higher versus major currencies on Tuesday, rose against Europe and the USA-block currencies. Today's major trading FX feature is the carry-trade Recreation and the yen rallied against all currencies. Dollar in favor of cross trades with asylum flows. The Canadian dollar fell marginally as the Bank of Canada left its key interest rate unchanged at 4,5%. USD / CAD yesterday broke its short-term bear trend, and we buy one unit of steam