Developments over the weekend – including strong Chinese data, an agreement hammered out by the Basel Committee on Banking Supervision which gave lenders as long as eight years to comply with higher capital requirements, and an upward revision to Euro-zone growth projections for this year – boosted the Euro and “risk-on” trades like bets on the Australian and Canadian Dollars, currencies that are tied to positive global economic activity. The Yen gained on the Dollar, while the Pound continued to consolidate. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad

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