Asian Currencies and Forex Trading Strategy
Currency trading on the FX marketAsian currencies are expected to move in tight ranges against the US dollar today. Forex trading strategy should consider that.
In currency trading on the FX market, many of the Asian currencies are tightly regulated, and yesterday’s big gains would have inspired some capping of gains. The Malaysian National News Agency reports on the Malaysian ringgit:
One of the
dealers said there was a possibility that Bank Negara Malaysia intervened to cap the ringgit’s gains.
"all through the day, the ringgit was moved within a tight range of 3.15 against the US dollar. It did not go far," she said.
See Also
- Asian Currencies in Forex Trading
Currency trading on the FX market
Original post by Eric J. Fox