Loonie Eases To Yen On Thursday []
The loonie gave back a portion of its gains from the previous session against the yen on Thursday, falling to 110 from an early high near 112. With the loss, the loonie moved back towards Monday's 2-week low of 108.08.
Euro Snaps Back Versus Dollar After US Housing Numbers [EUR/USD]
The euro pared its early losses versus the dollar upon the release of housing data from the US at 10 am ET. The euro snapped back to 1.4771, still down on the day, but up from its mid-morning low of 1.4722.
Japanese Stocks End Down, Led By Oil Firms []
Wednesday, Tokyo shares fell for the first time in four trading days, giving up early gains, as the yen strengthened against major currencies. The benchmark Nikkei 225 Index closed down 69.07 points or 0.45% at 15,153.78 and the broader TOPIX index shed 3.14 points or 0.2% to end at 1,475.64.
Dollar Mixed Versus Majors With All Ears Tuned To Bernanke [EUR/USD]
The greenback was mixed against other majors on Thursday, moving to the upside versus the euro and sterling but softening a bit against the yen. Traders were treated to a slew of economic data ahead of a key speech from Fed Chairman Ben Bernanke.
Australian Market Surges On Wall Street Rally, Stronger Base Metal Prices []
Thursday, Sydney shares were sharply higher, tracking the surge on Wall Street after a Federal Reserve official hinted that the central bank may cut interest rates again next month. At 11:27 a.m. local time, the benchmark S&P/ASX 200 was up 100.1 points or 1.6% at 6,470.2 and the broader All Ordinaries index was gaining 96.9 points or 1.5% to 6,529.7.
Kiwi Slips In Trading Against Buck [NZDUSD]
The New Zealand currency was weak against its American counterpart in trading on Thursday midday in New York. The kiwi edged down past 0.7680 as action progressed. The currencies traded as U.S. third quarter GDP came in at 4.9%, in line with expectations.
Thursday, November 29, 2007
Loonie Eases To Yen On Thursday []
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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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