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Friday, November 30, 2007

Euro Extends Gains Versus Yen, Stable To Dollar And Sterling As Traders Weigh Euro Zone GDP Data []

Euro Extends Gains Versus Yen, Stable To Dollar And Sterling As Traders Weigh Euro Zone GDP Data []
The euro was uncertain versus the dollar and sterling, but raced higher against the broadly weaker yen Friday morning as investors weighed a slew of key economic data from the Euro zone.

New Zealand Currency Falls Against Buck [NZDUSD]
The New Zealand currency dropped against its American counterpart in action on Friday. After choppy action in the morning, the kiwi fell past 0.7690 in trading around the midday. The pair moved as the US Department of Commerce released its report on personal income and spending in the month of October.

Naroff Economic Advisors Suggests Rate Cut Likely []
Joel Naroff from Naroff Economic Advisors stated that consumers are still spending though not nearly at the pace they had been. He noted that consumption faded in October and that occurred despite an early holiday rush.

European Markets Rise, Led By Drugmakers - European Commentary []
The European markets rose on Thursday, helped by a rally among pharmaceutical stocks following a broker upgrade of the sector. Air France-KLM led airline stocks higher after reporting forecast-beating second quarter earnings.

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