12/12/08 – Daily Forex Market News from cmsfx.com
Risk Aversion Boosted Overnight on Failed Auto Bailout Vote, Yen Gives Up Gains in Later Trading
Friday, December 12th, 2008
Yesterday evening, the Senate voted on and rejected the auto-industry bailout after it had passed the House. The news set off a wave of risk aversion which boosted the Yen. By Friday’s NY session investor sentiment returned on alternative plans to fund the rescue.
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Newscaster: Nick Nasad
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