Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
Amended: In the first para "Topix index of all First Section issues" corrected as "All Ordinaires index". Corrected version follows.
Brazil's Real Falls To 1-month Low Versus US Currency [USD/BRL]
The Brazilian real fell to 1.8085 against the US currency before closing the week's deals at a 1-month low of 1.8035. The real weakened on speculation a slowdown in the US economy would hurt the country's exports, which in turn will reduce the demand for the local currency.
New Zealand Stocks Trade Mixed []
Friday, New Zealand stocks were trading mixed. The benchmark NZX 50 Index was losing 0.40 points or 0.01% to 4,053.81, while the NZX All Capital Index was adding 1.33 points or 0.03% to 4,114.16.
South Korean Market Closes Lower []
Friday, Seoul shares closed lower, amid volatility, but off day's lows. Though the market opened higher on bargain hunting, it could not sustain at higher levels as fresh selling emerged. The market has finished in the red for the seventh straight session.
Swiss Currency Choppy In Trading Versus Euro [EUR/CHF]
The Swiss currency moved little against its European counterpart in trading on Friday morning. The franc moved between a high of 1.6310 and a low of 1.6338 as action progressed. The pair moved as French consumer spending declined more than expected from the prior month in October.
Sunday, November 25, 2007
Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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