SubscribeAsian Session: Yen and dollar gain on risk aversion as China pledges to curb credit expansion.
August 27th, 2009 • Related • Filed Under
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Markets initially started the session sideways but this quickly changed as the Chinese government’s website published an article saying it would curb excessive credit expansion. More specifically this meant over-capacity in manufacturing industries such as Steel production and Cement. Furthermore the government said it would increase “guidance” over parts of the coal, glass and power industries… | ||||||||||||||||||||
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Comment by the way to trade on 27 August 2009:
Thanks for these updated trends! Been browsing to find some forex updates. Good thing I have stumbled on your post.