The financial crisis, although apparently eased thanks to government measures taken, is far from over. Everyone knows, at least on those who invest Forex, the foreign exchange market is not affected by the crisis. In this, it means that there is no risk hidden on the Forex. Nevertheless, the impact is greatly felt in the course of some currencies.
The currency suffering at the moment the impact of the financial crisis are clearly emerging currencies. These currencies included under that name several countries that are beginning to have a preponderant weight on the international scene. However, the situation of the currency is unstable. If there is another year, the Icelandic krona was one of the flagship emerging currencies, it has totally disappeared from portfolios of speculators. Almost bankruptcy of Iceland should not fix the situation from this point of view.
Because of the financial crisis, investors in the foreign exchange market primarily seeking to secure their assets. Therefore, there is a real phenomenon of risk aversion towards emerging countries that appears. This concerns both the Czech koruna as the Mexican peso and the African rand.
The African rand had today a new lowest historical face the single European currency in reaching 14.07 rand per euro. This net decline of African rand is due to the financial crisis but also to lower prices, which the rand is very dependent.( Finance Information City )
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