SubscribeDaily Forex Commentary for April 21, 2009
April 20th, 2009 • Related • Filed Under
April 21, 2009
Risk Aversion Answers Question about Where Equity Money May be Moving
Risk aversion was the dominant theme in the Forex markets on Monday as world equity markets tumbled lower driven by renewed worries over the condition of the global economy. Some blame the news of troubled loans at the Bank of America as the main catalyst of today’s broad-based bearishness.
The return of risk aversion is helping the Dollar rally across the board while eroding the optimism that the financial crisis is over. Money has been moving …
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