07/24/08 - Daily Forex Market News from cmsfx.com
RBNZ Surprises Markets with Rate Cut, Weak Data Emanates from Germany, Euro-zone, and UK Boosting Greenback
Thursday, July 24th, 2008
The Kiwi fell after a surprise rate cut by the New Zealand central bank. A sharp fall in German business confidence and weaker data from Euro-zone manufacturing and services pressured the Euro, while a sharp decline in UK retail sales weakened the Pound.
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: 24/07/08 22:30
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04/10/08 - Daily Forex Market News from cmsfx.com
Bank of England Cuts Rates; Euro Sets New High vs Dollar
The Bank of England cut rates by .25% to 5%, its 3rd move since December. The ECB held rates at 4%. Both the Dollar and Pound pared earlier losses to the Euro after falling to record lows, respectively. The Dollar recovered against the Yen during NY trading as US stocks performed well. Carry trade pairs also rebounded.
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: 10/04/08 22:15
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10/02/08 - Daily Forex Market News from cmsfx.com
Dollar Climbs to 13-Month High vs Euro, Slides vs Yen as Stocks Weak
Thursday, October 2nd, 2008
Even though the ECB held rates at 4.25%, ECB President Trichet's comments showed a softening bias which pushed the Euro to its lowest against the Dollar in 13 months. The Pound and Loonie were pressured as well. US stocks were deep in the red boosting the Yen.
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: 02/10/08 21:34
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Forex Video | News Trade Alert | June 10, 2008
The United Kingdom's Industrial Production report for April, scheduled for release during tomorrow's European session, leads off a series of news events on Tuesday which could move the major currency pairs. A speech by Bank of England governor Mervyn King, the latest U.S. Trade Balance report, and a rate decision from the Bank of Canada round out the busiest day of this week.
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: 10/06/08 05:16
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06/19/08 - Daily Forex Market News from cmsfx.com
UK Retail Sales Surges, Boosting Pound; Accelerated Consumer Inflation in Canada Bolsters Loonie
Thursday, June 19th, 2008
The Pound rallied against its rivals after May retail sales was extraordinarily high. The Swiss Franc fell following its rather dovish interest rate statement while the Loonie gained as a result of inflation accelerating to 1% in May and 2.2% on the year.
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: 19/06/08 22:21
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09/02/08 - Daily Forex Market News from cmsfx.com
Aussie and Pound Pressured, Greenback Strengthens Overnight
Tuesday, September 2nd, 2008
The Aussie slid sharply following the RBA's announcement to cut rates by 25 basis points to 7%. More cuts are seen on the way. The Pound has also felt the pressure as the UK economy continued to be weak and the Bank of England meeting is on Thursday.
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: 02/09/08 22:23
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08/05/08 - Daily Forex Market News from cmsfx.com
Dollar Jumps to 6-Week High vs Euro, 7-Week High vs Pound in Overnight and NY Session Rally, FOMC Stalls Gains
Tuesday, August 5th, 2008
The Dollar gained vs. its rivals as the Euro-zone and UK put out weak fundamental data, and a strong rally helped push it higher vs the Yen. The FOMC meeting stalled the Dollar advance but did not reverse it. The Aussie weakened following a signal from RBA on rate cuts ahead.
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: 05/08/08 22:49
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06/05/08 - Daily Forex Market News from cmsfx.com
Chance for ECB Rate Hike Boosts Euro vs Dollar, Pound Up as Well
Thursday, June 5th, 2008
The ECB held rates steady accompanied with hawkish language in regards to inflation. The EUR/USD surged 190 pips following the release. The Pound climbed 100 pips against the Dollar and 270 pips vs the Yen overnight, as the BOE is also concerned about inflation.
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: 05/06/08 21:59
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02/28/08 - Daily Forex Market News from cmsfx.com
Dollar Continues Losing Ground As Markets Price in Further Rate Cuts
The Dollar continued setting new record lows vs the Euro and Swiss Franc, and lost ground to its other rivals. Weekly jobless claims came in higher than expected, while 4th quarter GDP growth was weak. Bernanke's reiterated that growth was a bigger concern than inflation.
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: 28/02/08 23:02
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07/23/08 - Daily Forex Market News from cmsfx.com
Bank of England Minutes Boost Pound, While Greenback Extends its Gains vs Other Rivals
Wednesday, July 23rd, 2008
In the BOE minutes, there was one vote for an interest rate increase, splitting the decision three ways. That revelation spurred Pound buying as it gained on the Dollar and Euro. The greenback extended its gains from yesterday climbing on the Euro, Yen, Aussie and Loonie.
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: 23/07/08 22:32
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