(Bloomberg) — If traders hoped Friday’s turnaround would prove more than a moment of relief for the world’s shell-shocked markets, early trading in volatile currency markets showed any sense of stability is likely to be fleeting.The New Zealand dollar plunged to its lowest since May 2009 in early trading Monday after the nation’s central bank unexpectedly cut rates. Australia’s currency — which tends to rise and fall with risk appetite — slid to its weakest since 2008 and the Norwegian krone posted a fresh record low versus the greenback. Meanwhile, the yen strengthened.The options market signaled that currency volatility remains …read more
Source:: Yahoo Finance
