Recap: Pound Loses After Negative Housing Prices in Nov. Investors Upbeat as US Posts Positive Data.
A fall in housing prices, along with weaker consumer confidence and slower services growth prompted heavy selling of the Pound. US labor and productivity data boosted the Dollar, and prompted a return to carry trade.
Showing posts with label cms forex news. Show all posts
Showing posts with label cms forex news. Show all posts
Thursday, December 6, 2007
CMS Forex News
Wednesday, December 5, 2007
CMS Forex News
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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