Global stocks fell as a result of American International Group reported a $7.8 billion loss and Citigroug plans to shed almost $500 billion in assets. Heightened risk aversion helped the Yen and Swiss Franc extended gains from earlier in the week against the other majors. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-09-08/ CMS Forex Fri, 09 May 2008 17:00:00 EDT 2008-5-9 The ECB and BOE both held rates steady. The Euro gained on the Pound and Dollar following the release, as its remains stout in its fight against inflation. The Yen gained on the back of weaker stocks in Asia and Europe. The Dollar rallied against the Loonie and Kiwi. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-08-08/ CMS Forex Thu, 08 May 2008 17:00:00 EDT 2008-5-8 The Dollar took advantage of weak fundamental data from the the UK and Europe to pare its losses to the Pound and Euro from earlier in the week. The Dollar rallied against the Yen as well overnight, though it hit resistance, stalled and reversed in mid-NY trading. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-07-08/ CMS Forex Wed, 07 May 2008 17:00:00 EDT 2008-5-7 The Dollar fell against its rivals as oil hit $122-a-barrel and Fannie Mae reported a larger-than-expected $2.19 billion loss. Though stocks recovered in later trader, these factors pressured the Dollar. The Canadian Dollar surged on a better than expected Ivey PMI report. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-06-08/ CMS Forex Tue, 06 May 2008 17:00:00 EDT 2008-5-6 The Dollar was generally weaker today, despite better than expected services sector data. The Aussie climbed on higher inflation data, while the Loonie climbed on higher oil prices. With US stocks faring poorly during this session, the Yen gained on the Dollar as well. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-05-08/ CMS Forex Mon, 05 May 2008 17:00:00 EDT 2008-5-5 Today's US non-farm payroll data showed the economy shedding 20K jobs, lower than the anticipated 80K. The news was a welcome sign for Dollar bulls as it implies that the Fed can pause in their interest rate cutting campaign. The Dollar finished the week on a strong note hitting a new high vs the Euro while paring losses vs the Pound. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-02-08/ CMS Forex Fri, 02 May 2008 17:00:00 EDT 2008-5-2 Today's US data showed that US consumers were still spending, and inflation continued increasing, bolstering the cast that the Fed is ready to pause in their interest rate cutting campaign. Manufacturing also performed better than expected. The Dollar set a five-week high against the Euro, and surged vs the Loonie. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/05-01-08/ CMS Forex Thu, 01 May 2008 17:00:00 EDT 2008-5-1 Carry trade sentiments came back to the markets, pushing down the Yen against the Pound and Euro. A slew of fundamental data showed weaker performance in Japan, UK and Euro-zone. The FOMC cut rates by .25% to 2% as expected, though the announcement may not have been as hawkish as anticipated causing the Dollar to weaken. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/04-30-08/ CMS Forex wed, 30 Apr 2008 17:00:00 EDT 2008-4-30 The Yen was a big winner today as it gained against higher-yielding currencies as a result of risk aversion in carry trade. News from the UK and US caused traders to pare positions prior to tomorrows FOMC decision. The UK fell on weak data on mortgage lending. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/04-29-08/ CMS Forex Tue, 29 Apr 2008 17:00:00 EDT 2008-4-29 The Australian and Canadian Dollars gained as commodity prices, especially gold increased. The Pound was stronger as risk appetite was stronger after the weekend on hopes that the worst of the global credit-market crisis may be over. http://www.cmsfx.com/en/forex-resources/video-news-and-analysis/daily-recap/04-28-08/ CMS Forex Mon, 28 Apr 2008 17:00:00 EDT 2008-4-28 In this feed, you will enjoy daily videos from CMS Forex which foucs on the day's fundamental news releases and daily market highlights. http://cmsfx.com