Asian Currencies Fall in FX Trading

Currency trading with Asian marketsAsian currencies are falling in FX trading on the currency market. It is important to remember in currency trading that Asian markets are closely tied to what happens on the U.S. stock market.

With the U.S. stock market plunging yesterday, it is no surprise that emerging markets in Asia are dropping in currency trading. Bloomberg reports on Asian currencies and FX trading:

“We’ll see broad-based Asian currency weakness,” said Mitul Kotecha, global head of foreign-exchange strategy at Calyon in Hong Kong. “The weakness in equities results in further outflows from equity markets among foreign investors.”

See Also

Currency Trading in Emerging Markets
World currencies and FX trading

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