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05/27/08 - Daily Forex Market News from cmsfx.com

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Uploaded by on May 27, 2008

Dollar Strength Returns to Markets as Oil Eases

Tuesday, May 27th, 2008

The Dollar climbed today against its rivals in a busy day of fundamental data. Consumer confidence fell in both Germany and the US, while housing prices in the US fell a record 14.4% in annual terms for March. Carry trade pairs recovered as risk appetite returned to the markets as a result of better performance in Asian stocks.

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