Swiss Franc Declines Versus Buck [USD/CHF]
The Swiss franc was weak in trading against its American counterpart on Thursday morning. The decline brought the franc to a mark of 1.1253 as action progressed. The US Department of Labor released its report on consumer price inflation in the month of October on Thursday, showing that the consumer price index rose 0.3 percent in October following an unrevised 0.3 percent increase in September.
Stocks Seeing Moderate Weakness In Early Trading - U.S. Commentary []
Stocks have come under pressure in early trading on Thursday, with the major averages seeing some further downside after falling sharply late in the previous session. The early weakness comes on the heels of the release of some mixed economic data.
Slumping Sterling Falls To 4 1/2 Year Low Versus Euro, Weakens To Dollar And Yen [GPB/USD]
The slumping sterling staggered against its major counterparts Thursday morning on Wall Street, plummetting to a 4 1/2 year low against the euro. Traders considered an unexpected drop in UK retail sales, which raised expectations for a near-term cut in interest rates.
Euro Soars To 4 1/2 Year Peak Versus Pound, Eases Slightly To Greenback Amid Slew Of Data [EUR/USD]
The euro was mixed against other majors Thursday morning in New York, surging to a its highest point since 2003 versus the sterling. Traders considered a slew of economic data, including a report on euro zone inflation.
Stocks See Some Weakness As Profit-taking Sets In After Sharp Rises - Asian Commentary []
Thursday, stocks markets across the Asia-Pacific region were trading mixed and on a flat note, following sharp gains on Wednesday. After seeing little movement for much of Wednesday's session, the U.S. stock markets took a dive in the last half an hour of trade, led downward by weakness in retail stocks.
Continued Gains Unlikely For KOSPI []
The South Korean stock market enjoyed its best day in more than a week on Wednesday, but investors aren't too sure the market can sustain the rebound when the market opens for trade on Thursday.
Decline Seen For Malaysian Stocks []
After closing virtually flat Wednesday on strong global cues, analysts figure that Malaysia's Kuala Lumpur Composite Index could be headed South on weak momentum when the market kicks off trade on Thursday.
Dollar Inching Closer To Parity, Challenging .98 Mark Versus Loonie [USD/CAD]
The dollar is extending its 4-week high versus Canada's loonie in mid-day dealing Thursday. The dollar is challenging the .98 mark for the first time since October 22, having risen to .9792 as of 11:30 am ET. The advance brings the dollar further away from a modern-era record low near .9050 earlier in November.
Thursday, November 15, 2007
Swiss Franc Declines Versus Buck [USD/CHF]
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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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