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05/16/08 - Daily Forex Market News from cmsfx.com
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Old 05-16-08, 06:41 PM
cmsforex cmsforex is offline
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Default 05/16/08 - Daily Forex Market News from cmsfx.com
Dollar Ends the Week Lower Following Oil Spike and UMich Consumer Confidence
Friday, May 16th, 2008

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The Dollar fell in NY trading against most of its rivals as high oil prices and weaker consumer confidence data battered stocks and the outlook for the US. Japanese GDP growth was larger than expected, while the Euro-zone showed exports were down in March.

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