Tuesday, October 7, 2008

FX

"The movements in the FX market are incredible. One friend just read me something which he has received from an fx trader which said that the only things that anyone desires to own are the US dollar,the Japanese Yen, gold, bottled water and bullets”

We also closed our last currency portfolio last night. Fortunately, we didn't have much to lose. AUD/JPY moved more than 13% at one point, no wonder people rush to buy gold or bullets.

Update (09/10/2008): AUD felt further last night to 64.8, but reversed back to 70 at this moment.

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