03/05/09 - Daily Forex Market News from cmsfx.com

Risk Appetite Does About Face, Yen Gains; BOE and ECB Cut Rates
Thursday, March 5th, 2009
Recap: Both the BOE and ECB cut rates by 50 basis points to 0.5% and 1.5%, respectively. With equities falling around the world, following a rally yesterday the theme of the day was risk aversion and gains by the Yen and Dollar.

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