Carry Trades, DJIA Reverse Course Post-Freddie/Fannie - RBNZ to Cut Rates? (Forex Video)

Published September 10th, 2008 - 01:11 GMT

The US dollar remains strong versus EUR, GBP, but the most notable moves today were in the forex carry trades and the DJIA, as prices reversed course from Monday.



·         US dollar still fairly strong versus euro, British pound
·         Forex carry trades and US equities reversed course post-Fannie/Freddie, as investor confidence quickly fades

Stories to watch on DailyFX

·          What major fundamental themes will drive the currency market for the week ahead? Read the Forex Trading Weekly Forecast.
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