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November 9th, 2007 - Daily Forex Market News from cmsfx.com

Recap of the Week: Heavy Carry Trade Unwinds and Yen Gains as Global Stocks Decline. The Yen gained big overnight, as investors pulled out of riskier carry trade position in a strong bout of risk aversion. In the UK, Barclays's - country's third largest bank, had to "write down" as much as 10 billion pounds of investments tied to mortgage problems. [ go to Youtube.com ]

Time : 3 min 42
Added : 10/11/07 20:09
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