Swiss Currency Edges Up Against Yen [CHF/JPY]

Swiss Currency Edges Up Against Yen [CHF/JPY]
The Swiss currency edged up against its Japanese rival in trading on Monday morning. The franc rose to 98.26 against the yen in the early hours and held near that mark as action moved past 8:45AM EST. Overnight in Japan, the 225-issue Nikkei index gained 246.44 points or 1.66% to settle at 15,135.21.

Franc Moves Little Versus Dollar Monday Morning [USD/CHF]
The Swiss currency was mixed against its American counterpart in trading on Monday morning. The franc bounced between a high of 1.0990 and a low of 1.1060 as action progressed. The pair moved ahead of data due out later in the US. Wednesday, a report on Durable Goods orders for October will give investors a glimpse at the health of manufacturing.

Pound Drops Against U.S. Dollar [GBP/USD]
The British pound sterling is losing ground to the U.S. dollar. The pair is trading in New York at 2.0690, sustaiing a drop for the pound that began at approximately 3 PM Eastern Time.

Kiwi Drifts Lower Against US Dollar Monday Afternoon [NZD/USD]
The New Zealand dollar continued to drift to the downside against its counterpart from the US Monday afternoon, extending its declines from earlier in the session. The kiwi slipped to .7532 by 2 pm ET, down from an overnight high of .7628. The pair has been bouncing back and forth for the better part of two weeks.

Stocks Turning In Lackluster Performances - U.S. Commentary []
Stocks are turning in a lackluster performance on Monday, as worries concerning the credit markets offset any optimism generated by a strong start to the holiday shopping season.

Dollar Slumps Along With Wall Street Stocks Monday Afternoon [EUR/USD]
The dollar slumped in afternoon dealing versus its major counterparts on Monday amid ongoing concerns about the health of the housing and financial sectors. Wall Street stocks turned negative over the course of the day, with concerns about the fallout from the recent credit crunch offsetting encouraging signs from the retail holiday shopping period.

Sterling Firms Up Versus Majors Monday Morning [GPB/USD]
The sterling gained on the dollar and euro in Monday's early dealing before levelling off before the opening bell on Wall Street. The sterling benefited from some increased risk appetite after Asian stocks rose, signalling that emerging markets may be more insulated from US weakness than previously thought.

Canadian Dollar Unable To Sustain Early Gains Versus Greenback [USD/CAD]
The Canadian dollar gave back its early gains versus its US counterpart in Monday's mid-morning dealing. After a volatile month that saw the loonie surge to a record high near the 90 cent mark only to give back almost 9 cents in mid-November trading, the pair has seen little movement over the past week.

Wall Street Tumbles On Renewed Credit Concerns - U.S. Commentary []
Wall Street experienced a broad based sell-off on Monday, as fears concerning the credit market drove financial and housing stocks to sharp losses.

Dollar Falls Further [USD]
The US dollar moved out of its recent range against the European majors, and by about 6:30 am ET, the currency weakened to 1.0992 versus the franc, 1.4885 against the euro and to 2.0720 against the sterling.