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05/16/08 - Daily Forex Market News from cmsfx.com

Discussion in 'Forex Videos' started by cmsforex, May 16, 2008.

  1. cmsforex

    cmsforex Contributing Member

    May 5, 2008
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    Dollar Ends the Week Lower Following Oil Spike and UMich Consumer Confidence
    Friday, May 16th, 2008


    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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