TRENDING:

Ramifications of a Trump win in FX: Watch for Central Bank interventions

Foreign-exchange traders must be in guard as several central banks are likely to step in and intervene in their doemestic currencies in order to ease the violent swings as markets digest a Trump presidency.

The Bank of Korea has been the first one to intervene to support the South Korean won, while other Central Bank such as the Bank of Japan and Mexico's Central Bank have scheduled emergency meetings on Wednesday to analyze the curent situation.

Japan's Asakawa said, via Reuters, that they are watching market moves as London and NY open. Another Central Bank to keep an eye on is the SNB as the Swiss Franc surges on risk aversion.

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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