The News Review:
- WRLD FREX:Dollar Hits Lows Vs Pound Aussie As Stocks Rise
- RPT-FEATURE-Small investors flock to forex trading amid crisis
- Brazil’s May Forex Inflows $3.13B Vs $148M Inflows Yr Ago
WRLD FREX:Dollar Hits Lows Vs Pound Aussie As Stocks Rise
Wall Street Journal
dollar declined in Asia Wednesday hitting a seven-month low against the British pound and an eight-month low versus the Australian dollar as gains in regional stocks helped lift investor demand for riskier currencies. Sterling touched $1. 6658 during the session the highest in seven months. The Australian dollar partly helped by the country’s surprisingly strong gross domestic product data reached $0. 8265 – a level unseen.
Related from Cupocoffee: Coffee Hits a 7-Month High
RPT-FEATURE-Small investors flock to forex trading amid crisis
Reuters
2 trillion in daily volume the foreignexchange market is the most liquid market in the world. And unlike stock traders who often face rules on short-selling– or betting that share prices will fall — forex investorsare free to go long or short since currencies are traded inpairs. The investor is always buying one and selling another. “Retail investors around the world particularly incountries where you have more controls over the equity marketsare definitely turning to FX” said Betsy Waters globaldirector of dbFX. com the retail currency trading platform ofGermany’s Deutsche Bank (.
Brazil’s May Forex Inflows $3.13B Vs $148M Inflows Yr Ago
Wall Street Journal
–>Brazil’s May Forex Inflows $3. 13B Vs $148M Inflows Yr Ago ArticleCommentsmore in. 13 billion in the May up from $148 million in net inflows reported in the same period in 2008 the central bank said Wednesday.