Investors Seek Safe Havens
In today’s economic crisis investors are seeking safe havens from the financial storm that is battering the world’s economy. Throughout the world markets are plunging, and companies seeking credit for day to day operations are forced to lay off employees and consumers are fearful and spending less adding to the economic crisis. One of these safe havens for currency investors is the US dollar which continues to offer Forex opportunity in troubled times.
Disappointing Statistics
Disappointing economic statistics released Friday sent stock Markets plummeting throughout the world. In Europe the Markit Purchasing Manager’s Index fell to its lowest in 10 years. In Asia currencies sank on Forex markets making it harder for companies to pay off debt that is in Dollars and Euros. The exception was Japan where the Yen rose to a 13 year high. Japanese exports are floundering and the deepening economic crisis in the US and Europe is sure to have an adverse affect on Japanese exports. Despite the negative economic statistics global currency markets continue to provide investors with Forex opportunities.
