02/19/08 - Daily Forex Market News from cmsfx.com
Yen Gains vs Dollar and Pound Overnight; Dollar Gains on Loonie
The Yen gained as proxy to the Chinese yuan overnight as higher inflation out of China increased bets that the nation's central bank will have to raise rates. The Pound was pressured by news of second half losses at Barclays. The Loonie fell following weak wholesales data.
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