11. Speculators can take on huge positions in the highly-liquid NDF market against the local currency. 12. Soybean futures sank late in the session as speculators took profits ahead of the Thanksgiving holiday. 13. Speculators took advantage of the situation to speculate against Asian currencies, particularly the Indonesian rupiah, Malaysian ringgit, Thai baht and the Philippine peso. 14. From Wednesday onwards, prices began to fall as speculators took profits, but then rose again on Friday. 15. However, short-term speculators took profits after recent gains, resulting in volatility, he said. |