08/29/08 - Daily Forex Market News from cmsfx.com

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Uploaded by on Aug 29, 2008

Dollar Sinks vs Yen as US Stocks Decline, But Dollar Up vs. Other Rivals to End Week
Friday, August 29th, 2008

The Dollar gained on the Euro after the Euro-zone put out cooler inflation data. The Loonie was pressured by weak GDP data, and the Pound is falling prior to next week's bank meeting. US stocks suffered after a weak US spending report. Positive data boosted the Yen.

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