Swiss Franc Slides Against Majors Amid Swiss Economic Data [CHF]
Following the release of Swiss third quarter employment data, the franc declined against its major counterparts. As of 3:20 am ET, the franc was worth 1.1032 against the dollar, 1.6355 versus the euro, 2.2777 against the pound and 98.73 versus the yen.
Euro Falls Against Majors [EUR]
The European currency slipped against its major counterparts in early deals on Thursday. At about 3.05am Eastern Time, the euro hit a low of 1.4826 against the dollar, 1.6341 versus the franc, 0.7178 against the sterling and 161.45 against the yen.
Blue Chip Stocks Drag Shanghai Index Down []
Wednesday, Shanghai shares closed lower as China Railway Group's initial public offering of 2.34 billion A-shares put pressure on liquidity. ICBC and other large caps, particularly dual-listed companies, also extended losses in late trade.
Canadian Stocks Look To Tread Water Thursday As Wall Street Closes For Thanksgiving - Canadian Commentary []
Early indication are mixed for Canadian stocks Thursday morning before what promises to be a relatively quiet session with US traders away for their desks in observance of the Thanksgiving holiday.
Japanese Shares Close Higher On Bargain Hunting []
Thursday, Tokyo shares closed higher on bargain hunting. The stocks recovered from early losses after the yen briefly traded above the 109-yen level against the dollar. The benchmark Nikkei 225 index closed at 14,888.77, up 51.11 points or 0.34%. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange slipped 1.34 points and ended at 1,437.38.
BNP Paribas Comments On Strong German Q3 GDP Figures, Forecasts Slowdown Next Year []
BNP Paribas noted Thursday morning that the German economy grew 0.7% in the third quarter, bettering the 0.3% expansion logged in the second quarter.
Dollar Advances Against Czech Koruna [USD/CZK]
The US dollar showed weakness in early Asian deals against the Czech currency, but it strengthened towards the end of the session. Moving up from a session's low of 18.01, the dollar-koruna pair reached as high as 18.054 by about 2:00 am, and this may be compared to yesterday's close of 18.037.
New Zealand Shares In Uneasy Thursday Open Off Negative Wall Street Lead []
New Zealand shares open in uneasy territory on Thursday, after finishing with a small wednesday gain amid falling markets around the rest of the world.
Polish Zloty Reverses Recent Losses Versus Greenback [USD/PLN]
The US currency spiked up against the Polish zloty before the pair gave back the gains in early European trading. The zloty was, however, slightly higher before it slid to an Asian session low of 2.4905 by about 1:55 am ET. The dollar then lost the momentum, and it fell to 2.4788, compared to yesterday's New York session close of 2.4829.
Thursday, November 22, 2007
Swiss Franc Slides Against Majors Amid Swiss Economic Data [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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