Pound Gains On Producer Inflation Data, Yen Down as Global Stock Recover, Helping To Boost Carry Trade
Monday, May 12th, 2008
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