Friday, November 16, 2007

Sterling Fights Back From Early Losses Versus Majors [GPB/USD]

Sterling Fights Back From Early Losses Versus Majors [GPB/USD]
The sterling extended its November downtrend versus other majors in Friday early deals, but was able to fight back in mid-morning action amid speculation its recent sell-off was overdone.

Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary []
With traders digesting some mixed economic data, the U.S. stock markets are turning in a lackluster performance in morning trading on Thursday. Stocks have been unable to sustain any significant moves.

Loonie Snaps Back Versus Dollar, Euro [USD/CAD]
The Canadian dollar bounced back against its US counterpart on Friday, rising to .9704 from Thursday's 5-week low near the .99 mark. Prior to firming up today, the loonie had dropped almost 9 cents from last week's modern-era era high of .9056.

Euro Testing 2-month Low Versus Swiss Franc []
The euro is testing a 2-month low versus the Swiss franc Friday morning just before the opening bell on Wall Street. The euro slipped to 1.6382 in the last hour. A move below 1.6378 would take the euro to its lowest point since September 10.

European Markets End Slightly Higher; Banks Shine, Oils Decline - European Commentary []
The European markets closed slightly higher in choppy trading on Monday, as a rally among banking stocks offset the weakness in energy and mining stocks.

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