Japan’s Economy Shrinks
A slump in exports has caused Japan’s economy to shrink by 3.3%, the largest fall since 1974. Despite these figures the Japanese Yen is still one of the safe havens of choice on forex currency exchanges. Geoffrey Yu of UBS in London stated, “At this stage we’re still in an asset deflation environment. Nothing announced or done by banks in the short-term will be able to counter the fierce economic headwinds — just look at the Japanese GDP numbers.”
Emerging Currencies Offer Opportunity
Last Friday there was a slight return of risk appetite and those consulting reliable saw many opportunities provided by emerging currencies. Forex converters indicated that the troubled Euro fell 0.7% against the dollar to $1.2767 and the British Pound fell 0.9% to $1.4258.
Strange News From G7 Conference
In one of the stranger news reports from the G7 conference Finance Minister Shoichi Nakagawa apologized for his behavior at a news conference stating his inattentiveness was caused by a combination of medicine and a glass of wine.
A reliable forex currency converter is going to be an absolute necessity in the coming weeks and months. Investors must sift through mounds of data released by various governments and collate vast amounts of information, consult a forex converter, and then make important investment decisions. Forex trading has gotten to be very strenuous work during the ongoing global recession!
A slump in exports has caused Japan’s economy to shrink by 3.3%, the largest fall since 1974. Despite these figures the Japanese Yen is still one of the safe havens of choice on forex currency exchanges. Geoffrey Yu of UBS in London stated, “At this stage we’re still in an asset deflation environment. Nothing announced or done by banks in the short-term will be able to counter the fierce economic headwinds — just look at the Japanese GDP numbers.”
Emerging Currencies Offer Opportunity
Last Friday there was a slight return of risk appetite and those consulting reliable saw many opportunities provided by emerging currencies. Forex converters indicated that the troubled Euro fell 0.7% against the dollar to $1.2767 and the British Pound fell 0.9% to $1.4258.
Strange News From G7 Conference
In one of the stranger news reports from the G7 conference Finance Minister Shoichi Nakagawa apologized for his behavior at a news conference stating his inattentiveness was caused by a combination of medicine and a glass of wine.
A reliable forex currency converter is going to be an absolute necessity in the coming weeks and months. Investors must sift through mounds of data released by various governments and collate vast amounts of information, consult a forex converter, and then make important investment decisions. Forex trading has gotten to be very strenuous work during the ongoing global recession!
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