10/08/08 - Daily Forex Market News from cmsfx.com
Central Banks Cut Rates Together in Coordinated Move
Wednesday, October 8th, 2008
The Fed, the ECB, the Bank of England, and the Bank of Canada all cut their benchmark rates by half a percentage point, and the Swiss National Bank cut its by a quarter point, in an unprecedented coordinated effort to ease the economic effects of the financial crisis.
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: 08/10/08 21:44
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04/22/08 - Daily Forex Market News from cmsfx.com
ollar Weakens, Falls to New Record Low vs Euro
The Euro climbed to a new record high vs the Dollar when ECB Governing Council member Noyer said the ECB may raise rates if consumer inflation does not slow. The Dollar experienced weakness across the board, including against the Pound and Swiss Franc. In Canada, the Bank of Canada cut rates 50 basis points to 3%.
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: 22/04/08 21:36
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December 4, 2007 - Daily Forex Market News from cmsfx.com
Yen Continues Gaining, Euro Up Versus Dollar; Loonie Falls After Bank Of Canada Lowers Rates.
Continuing worries of credit concerns sent the Yen up as carry trade unwound. The Euro was up on PPI data, and the Loonie fell after the central bank moved to cut rates.
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: 04/12/07 21:11
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