Dollar Continues Slide Versus Swiss Franc [USD/CHF]

Dollar Continues Slide Versus Swiss Franc [USD/CHF]
The U.S. dollar continued to fall against the Swiss franc in mid-morning trading and has extended its long-term low. The greenback began to fall at around 9 a.m. ET and has dropped to 1.1207. On a long-term basis, the dollar has been falling for about a month against the franc.

Swiss Franc Extends 12-year Peak Versus Dollar Before Levelling Off Friday Morning [USD/CHF]
The Swiss franc extended its 12-year peak against the dollar in early dealing Friday. The franc rose to 111.87 at around 6 am ET before levelling off through mid-morning action.

Euro Falls Versus Dollar And Yen Amid Diminished Risk Appetite [EUR/USD]
The euro lost ground to the dollar and yen amid diminished risk appetite Friday morning. Traders considered a flurry of economic news from the Euro zone nations.

Euro Continues Fall Versus Franc [EUR/CHF]
The euro continued to drop against the Swiss franc and reached a seven-week low. The Euro began currency began to trend lower at around 8:30 a.m. ET and sharpened the decline around an hour later. The euro reached as low as 1.6456 before a slight recovery.

Thai Stocks Called For Decline []
The Thai stock market dropped on Thursday, and analysts are calling for more of the same when the market kicks off trade on Friday.

Japan Stocks Poised For Lower Open On Wall Street Tumble []
Steep declines on Wall Street and the effects of a strengthening yen have Tokyo shares poised for a lower opening on Thursday.

FTN Financial Remarks On The New Fed Conundrum Bernanke Outlined Yesterday []
Chris Low from FTN Financial commented on Friday that junk bond spreads have pushed through their summer wides and asset-backed commercial paper outstanding fell by $29.5bn as the mood in the credit markets turned decidedly gloomier this week. He stated that he thinks it has a lot to do with the new Fed conundrum Bernanke outlined yesterday: the Fed feels it is exacerbating the inflationary threat from dollar weakness and rising commodity prices if it cuts rates, while risking significant economic weakness (i.e., recession) if it doesn't.