Drop in Consumer Prices and Weak Housing Drops US Stocks
Wednesday, November 19th, 2008

Consumer prices fell 1.0% in the US while housing start fell to a record low, which added pressure to US stocks. An initial burst of risk appetite which helped boost the Euro and Pound gave way to further risk aversion and gains by the US Dollar and Yen. The Loonie was pressured by weak performance in stocks and commodity prices.

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Author: cmsfx
Keywords: forex trading finance currencies news economy fx foreign exchange dollar euro yen pound
Added: November 19, 2008