Fundamental Updates \Nick Nasad \ 12:54 PM EDT \ March 15th, 2010
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.
Daily Video Recap: China & Moody’s Sink Risk Appetite
Fundamental Updates \ Nick Nasad \ 12:54 PM EDT \ March 15th, 2010Risk 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.