Daily Video Recap (8/30): BOJ and Risk Aversion Send "Risk-On" Trades South
30th August 2010 by No CommentsThe BOJ in its emergency meeting announced an expansion of its loan program – a bit of monetary easing. However, the moves were less than expected by the market and traders bought the Yen after having sold it off late last week and to start Sunday’s trading. Currencies sensitive to risk sentiment and global growth faltered, with the US Dollar and Swiss Franc gaining. US stocks slid increasing risk aversion in the NY session. News Provided by CMS Forex www.cmsfx.com Market Analyst Nick Nasad


