Asia Session - September 16, 2009 1:22 AM

With more and more signs pointing to the fact that the global economy is emerging from the economic crisis, traders continued to sell the dollar and buy risk in the Asian session. A positive day for equities and stronger than expected data in the US helped fuel optimism which has helped spill over into Asia as traders bought higher yielding assets at the expense of the US Dollar. Although overall the session tended to be a bit quieter than usual, the theme was pronounced as the greenback continued to lose ground on its way to replacing the yen in the carry trade. Full text »