08/14/08 - Daily Forex Market News from cmsfx.com

08/14/08 - Yen Retreats and Pound Recovers as Forex Market Retraces Its Steps
Yen Retreats and Pound Recovers as Forex Market Retraces Its Steps
Thursday, August 14th, 2008
The Euro fell after it was revealed that GDP data for the 2nd quarter was negative, while the final version of consumer inflation was revised lower. In the US, CPI hit a 5.6% annual pace which give the Dollar a boost in NY trading. The Yen pared some of its gains from last session.

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