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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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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: 8 min
45
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: 10/06/08 05:16
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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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: 3 min
08
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: 22/04/08 21:36
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06/10/08 - Daily Forex Market News from cmsfx.com
Dollar Continues Gaining on Euro, Pound, and Yen; BoC Surprises by Holding Rates
Tuesday, June 10th, 2008
The Dollar continued gaining on the Euro, in response to Bernanke's comments late last night. The Pound fell heavily as housing remains weak. The Bank of Canada held rates at 3%, surprising economists, as inflation is a bigger concern than growth at this point.
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: 10/06/08 21:23
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03/18/08 - Daily Forex Market News from cmsfx.com
FOMC Digs in its Heels, Cutting Rates by "Only" 75 Basis Points
The Federal Reserve moved to cut rates aggressively, bring rates down to 2.25% from 3%. The Dollar gained in a knee jerk reaction as investors believe this move may the Fed is concerned about inflation. The UK and Canada released mixed consumer inflation reports.
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: 18/03/08 22:09
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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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: 2 min
47
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: 04/12/07 21:11
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12/05/08 - Daily Forex Market News from cmsfx.com
Job Reports from the States and Canada Show Employment Market Recession Deepening
Friday, December 5th, 2008
US Non-farm payroll data shows worst month of job losses in 34 years while unemployment rate reaches 15-year high.
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: 05/12/08 23:47
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