Weekly FX roundup: Emerging markets performing well

23 August 2010

Expectations for the global economy to slow down even further have dominated market performances, and have affected the equity markets as a result. Investors fear a further slowdown with major economies lowering their growth forecasts, unemployment levels rising around the globe and consumer spending decreasing at an alarming rate. Emerging markets such as China and India have been performing well as they are seen as economies to lead the world out of the slump. Chinese equities are on an uptrend with the release of positive quarterly earnings reports. Equity markets from the US, Japan, UK and the Euro Zone saw negative trend as risk appetite faded away and investors moved to find safer ways of parking their capital.

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