Forex Trading News - Asian Trading News
By Alex Chernomordin
Created Jun 17 2008 - 1:43am
- The Bank for International Settlements reports that FX trading in Asia has dollar settlement risk.
- Japan's former currency official Wantanbe spoke again tonight about intervention, commenting that it is not urgent, but adding that non-joint intervention would have a "muted impact."
- Unconfirmed reports are crossing the wires in regards to FX authorities intervening in the market by selling $1Billion USD and buying the Korean Won.