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Wednesday, November 07, 2007

US Dollar Extends Losses Versus Aussie, Loonie And Kiwi []

US Dollar Extends Losses Versus Aussie, Loonie And Kiwi []
The US dollar weakened against the Australian, New Zealand and the Canadian dollars during the early deals on Wednesday. The US currency also fell against its major counterparts today on increased expectations of a rate cut by the US Federal Reserve on December 11.

Euro Mixed Against Majors Ahead Of German Industrial Production Data []
Ahead of the release of the German Industrial production data for the month of September, the euro showed mixed trading. The common currency gained against the franc and the pound but declined against the rest of its major counterparts. As of 5:55 am ET, the euro was worth 0.6984 of a pound, 1.4672 bucks, 1.6617 francs and 166.07 against the yen.

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