02/07/08 - Daily Forex Market News from cmsfx.com

Dollar Gains on Euro and Pound Following Central BanksThe Bank of England cut rates to 5.25% today, and the Pound fell close to 200 pips vs the Dollar. The ECB held rates steady at 4%, but also dropped as the markets interpreted Trichet's speech as dovish. Despite poor fundamentals, the Dollar gained on the Yen as well.News Provided by CMS Forex

Channel: News & Politics
Uploaded: December 31, 1969 at 5:59 pm
Author: cmsfx

Length: 03:40
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Tags: currencies  dollar  economy  euro  exchange  finance  foreign  forex  fx  news  pound  trading  yen  

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