About me - Olaniyi Olaleye
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Featured article by Olaniyi Olaleye
- Business > Business Issues Megatrends determining the winning businesses of the future
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YEN SURGENS ON RISK AVERSION, EURO REMAIN STRONG AGAINST DOLLAR AND STERLING. The Japanese yen surges broadly into European session on risk aversion following the report that Merrill Lynch may double its original estimate of mortgage investments related writedown to $15b. Asian stocks give back earlier gains on such news and in turn boost the Japanese yen higher, in particular against higher yield currencies on carry trade unwinding. Aussie, Kiwi and Sterling are all dragged down against the greenback too. USD/JPY is still to retest last week's low of 107.89 upon breaking an intraday suppo...
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Olaniyi Olaleye
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Member since: September 2007
- Helium Charter Member
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Articles Written: 2
Recent articles
- Megatrends determining the winning businesses of the future
- How will $3.50 a gallon gasoline affect the US economy?
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- Business ( 2 )
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