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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