[B]Forex Markets[/B] - The key sign that risk aversion is driving price action throughout the financial markets is the surge in the Japanese yen. In fact, the low-yielder is up approximately 3% versus the high-yielding British pound and Australian dollar, while accumulateing similarly substantial gains against the Euro, New Zealand dollar, and US dollar. Indeed, investors remain incredibly uncertain as Citigroup has agreed to acquire Wachovia’s banking operations and the US House of Representatives debates the $700 billion bailout plan.
[B]Currency Performance vs. the Japanese Yen[/B]
[B]Equity Markets -[/B] Driven lower on risk aversion…
[B]Fixed Income Markets -[/B] Rocketing higher on flight-to-safety…
