Risk aversion ruled today’s markets as we had some sharp words from China’s Premier regarding the yuan and China’s currency policy. The comments increased the chance of a trade war between the two countries which sent traders looking for safe haven in the Dollar and Yen. Moody’s warnings about the UK and US AAA credit rating was another factor weakening risk sentiment.

Add Your Comment

 

You need to log in to vote

The blog owner requires users to be logged in to be able to vote for this post.

Alternatively, if you do not have an account yet you can create one here.

Powered by Vote It Up