The currency charts below are 3month and 1year charts of the respective currencies, with the 1 year chart commencing mid December 2007
The charts are from the CNBC Currency webpage: http://www.cnbc.com/id/15839178/
The Japanese Yen strengthened consistently through 2008, as carry trade unwinding and the sell off across asset classes intensified.
The EURO and the Swiss Franc (CHF) have rebounded strongly this past fortnight. Is the ECB going to be next in line with aggressive rate cuts? Also now that the Fed is ready to buy anything and everything, (by doing whatever it takes to sort things out) is the ECB too going to get into the act?
The British Pound (GBP) has struggled this year, and as the UK housing market continues to deteriorate; 2009 is going to be particularly difficult for the British economy.
1 comment:
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Lucy
http://forextradin-g.net
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