Excerpt from: Futures and Commodity News
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| October 16, 2007 | | Risk aversion gives yen, Swissie a boost on the spot forex market | Spread betting, contracts for differences and spot forex trading should take into account risk aversion, as this changes the dynamic of the carry trade. Now, instead of being under pressure, the Japanese yen is up in spot forex trading as the carry trade unwinds. Reuters reports on the Japanese yen in spot forex trading:
"There is a bit of focus on risk aversion, with the global
equity markets in a sell-off sentiment and we are seeing the yen
and also Swiss franc firmer," said Niels Christensen, FX
strategist at Nordea in Copenhagen.
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