Thursday, November 01, 2007

US Dollar Up Against Majors []

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.

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