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12/12/08 – Daily Forex Market News from cmsfx.com

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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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