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May 12th, 2008 - Daily Forex Market News from cmsfx.com
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Old 05-12-08, 05:42 PM
cmsforex cmsforex is offline
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Default May 12th, 2008 - Daily Forex Market News from cmsfx.com
Pound Gains On Producer Inflation Data, Yen Down as Global Stock Recover, Helping To Boost Carry Trade

Monday, May 12th, 2008

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Global stocks recovered from their steep losses on Friday, with European stocks boosted by results from HSBC. The Euro, Pound and Dollar recovered vs the Yen, as risk appetite returned to carry trade positions. The Pound was boosted by record-high PPI data.

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http://www.cmsfx.com/en/forex-resour...-12-08/#recaps

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