US Dollar Up Against Majors []
The US dollar gained ground against its major counterparts at about 3:55 am ET. As of 4:07 am ET the greenback was quoted at 1.4443 against the euro, 2.0787 against the pound, 115.61 against the yen and 1.1608 against the franc.
European Markets Rise On Strong Oils, Miners - European Commentary []
The European markets rose on Friday, as heavily weighted energy stocks rallied after crude oil prices climbed to a record high and mining stocks edged higher after copper prices advanced.
Stocks May Give Back Some Ground In Early Trading - U.S. Commentary []
After trending higher in recent sessions, stocks may give back some ground in early trading on Tuesday, with the futures indicating a lower open for the markets. Nonetheless, selling pressure is likely to remain relatively subdued ahead of the Federal Reserve's interest rate decision.
U.S. Dollar Moving Higher Against Swiss Franc [USD/CHF]
The U.S. dollar is pushing higher against the Swiss franc. The pair is trading in New York at 1.1602, regaining ground lost since mid-morning trading on Wednesday.
Yen Mixed In Trading Against Majors []
The Japanese Yen showed a mixed trading against its major counterparts on Thursday morning in Asia. While the Yen moved sideways against the Swiss Franc, it dropped against the rest of majors. However, at about 9:00 pm ET, the Yen reversed the losses against the euro.
Stocks Rally On Microsoft And Countrywide Strength - U.S. Commentary []
Wall Street rallied on Friday after strong quarterly results from Microsoft (MSFT) and a positive outlook from Countrywide Financial (CFC) reassured investors that a US recession is unlikely.
Thursday, November 01, 2007
US Dollar Up Against Majors []
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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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