Invest in alarm clocks
-
Currencies in apparent flash crash as risk sours
USD/JPY collapses to 10-month low Thin markets and a scramble to cover positions or seek safe havens meant risk-focused currencies tumbled early in the Asian trading session today. USD/JPY collapsed more than three big figures in a matter of minutes, hitting the lowest level since March last year, as the scramble into the safe-haven yen accelerated, while AUD/USD slumped as much as 3.7% to the lowest in almost a decade. The Turkish lira plummeted, falling as much as 5% against the US dollar. What was the trigger for the crash? There appeared to be no one specific item, though news that Apple had downgraded its iPhone ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 3, 2019 12:31am Jan 3, 2019 12:31am
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2548 Comments
- Comment #2
- Quote
- Jan 3, 2019 2:42am Jan 3, 2019 2:42am
- priceaction1
- Joined Apr 2013 | Status: Now I know you | 73 Comments
don't predict direction, but dance with flow of water
- Comment #3
- Quote
- Jan 3, 2019 2:51am Jan 3, 2019 2:51am
- thelws
- | Joined Nov 2008 | Status: Member | 128 Comments