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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02/01/08 - Daily Forex Market News from cmsfx.com
A Surge in US Jobless Claims Highlights a Big Day of Fundamental Releases
Manufacturing in Australia and the UK slowed, while the Euro-zone and US showed improvements in January. However, the US' employment report showed negative job growth. The Dollar managed to pare its earlier losses, while the Pound lost ground in anticipation of a rate cut.
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: 01/02/08 23:35
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01/25/08 - Daily Forex Market News from cmsfx.com
Inflation Rises in Japan, Cools in Canada; Yen Gains in Late Friday Trading
The Euro and Canadian Dollar saw weekly gains on the greenback, while the Yen's strong start in the beginning of the week did not last. As equity markets around the globe recovered from a steep sell off on Monday, as risk appetite came back to the forex markets.
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: 26/01/08 00:32
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07/17/08 - Daily Forex Market News from cmsfx.com
Risk Appetite Returns to Markets, Boosted by Equities and Lower Oil
Thursday, July 17th, 2008
The Euro, Pound and Dollar rallied against the Yen as investor sentiments lifted with a second day of strong gains in US markets. European stocks were up as well, and oil prices slid for a third day. Risk appetite, and increased carry trade was the main theme.
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: 17/07/08 21:21
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05/02/08 - Daily Forex Market News from cmsfx.com
Payroll Data Comes in Better Than Expected, Boosts Dollar
Today's US non-farm payroll data showed the economy shedding 20K jobs, lower than the anticipated 80K. The news was a welcome sign for Dollar bulls as it implies that the Fed can pause in their interest rate cutting campaign. The Dollar finished the week on a strong note hitting a new high vs the Euro while paring losses vs the Pound.
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: 02/05/08 21:26
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05/01/08 - Daily Forex Market News from cmsfx.com
Spending and Inflation Data Help to Strengthen Dollar
Today's US data showed that US consumers were still spending, and inflation continued increasing, bolstering the cast that the Fed is ready to pause in their interest rate cutting campaign. Manufacturing also performed better than expected. The Dollar set a five-week high against the Euro, and surged vs the Loonie.
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: 01/05/08 22:03
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03/21/08 - Daily Forex Market News from cmsfx.com
Weekly Recap: The Dollar Rebounds as Fed is Busy; Oil and Gold Fall & Carry Trade Unwinds
The Dollar rose this week against the Euro and the commodity bloc of currencies as oil and gold prices tumbled. The Federal Reserve has taken several steps to calm markets the last two weeks which helped boost the stock market. However, carry trade continued to unwind.
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: 21/03/08 23:31
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December 18th, 2007 Daily Forex Market News from cmsfx.com
Recap: Lower Consumer Inflation in UK Boost Prospects of Further Cuts; ECB Injects $500 Billion.
The Pound fell today as lower than expected inflation gives the Bank of England more room to cut rates. A record infusion of funds by the ECB into the money markets, helped spur a tentative return to carry trade.
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: 18/12/07 22:53
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07/10/08 - Daily Forex Market News from cmsfx.com
Dollar Sheds Overnight Gains on Paulson Comments; BoE Holds Rates, London Stocks Slide
Thursday, July 10th, 2008
The Bank of England kept rates at 5%, while housing prices continued to plunge. The news pressured the Pound, especially against the Franc, as London stocks suffered. The greenback gave back its overnight gains as US officials warned of "ongoing" market turmoil.
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: 10/07/08 21:33
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08/12/08 - Daily Forex Market News from cmsfx.com
Markets Take A Breather Following Rapid Gains for Greenback Last Week
Tuesday, August 12th, 2008
The Aussie slid for an 11th session against the Dollar. The Pound was weaker as the economy continues to show weak data ans stocks gave up its mid-day gains. The Dollar treaded water against the Euro and the Loonie managed to gain following a strong trade report.
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: 12/08/08 21:49
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