04/11/08 - Daily Forex Market News from cmsfx.com
Carry Trade Retreats on Fall in US Stock Boosting Yen and Swiss Franc
A poor earnings report from GE, one of the world's largest companies, weakened US stocks. That translated into an increase of risk aversion on the forex markets as the Yen and Swiss Franc gained. Meanwhile US data showed consumer confidence hit a 27 year low in April.
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: 11/04/08 21:20
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04/18/08 - Daily Forex Market News from cmsfx.com
Week Recap: Dollar Gains on Citigroup, Carry Trade Sentiments Propel High-Yielders
A better than expected report from Citigroup and earnings from other companies helped spur a rally in US stocks and added risk appetite to forex markets. The Pound, and other high-yielders were big beneficiaries while the Japanese Yen and Swiss Franc lost ground.
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: 18/04/08 21:38
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06/20/08 - Daily Forex Market News from cmsfx.com
Financial Market Woes Dim Hopes of Fed Hike, Dollar Weaker To End Week
Friday, June 20th, 2008
The Dollar sank today as did US equities as concerns over financial companies came back to the front. Also oil was up pressuring US stocks. With prospects of a Fed rate hike dimming, there was Dollar weakness in the markets.
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: 20/06/08 21:06
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09/17/08 - Daily Forex Market News from cmsfx.com
Bailout of AIG and Higher Oil Fuels Drop in Dollar
Wednesday, September 17th, 2008
The US government bailed out the world's largest insurance company AIG with an $85B injection. The news prevented a catastrophic collapse but still played to the fears of risk aversion. The Dollar was lower vs its main rivals.
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: 17/09/08 23:46
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