Friday, January 09, 2009

Currency Trends

So far in 2009, currency trends feel like they are on 'reset'. The trends that have worked in the second half of 2008 are no longer working. Then, currency strengths were JPY>USD>EUR>GBP. So far this year, the cross rates have been in flux and difficult to grasp. So far for the first few trading days of the year, the strengths are AUD>CAD>EUR>USD>GBP>JPY.

Happy trading

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