06/04/08 - Daily Forex Market News from cmsfx.com

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Uploaded by on Jun 4, 2008

Fundamentals Point to Weaker Picture for Euro-zone and UK

Wednesday, June 4th, 2008

Consumer confidence and services showed poor results in the UK while Euro-zone retail sales fell an annual 2.9%, the biggest fall on record. European stocks fell, and the Euro and Pound were down against the Yen. Good GDP data from Australia helped to boost the Aussie against the greenback.

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