image descriptionArchives

Tumultuous week for Asia’s currencies

By Mon, Sep 26, 2011 6:24PM UTC 0 Comment

Traders panic for all the wrong reasons, writes Asia Sentinel’s Philip Bowring The herd mentality of traders in the currency markets was yet again on display this past week as the US dollar soared and stock markets collapsed in the wake of the gloomy outlook painted by the US Federal Reserve. The players in these...