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May 12th, 2008 - Daily Forex Market News from cmsfx.com

Discussion in 'Forex Videos' started by cmsforex, May 12, 2008.

  1. cmsforex

    cmsforex Contributing Member

    May 5, 2008
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    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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