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Friday, November 23, 2007

Yen Higher Against Majors [JPY]

Yen Higher Against Majors [JPY]
The Japanese yen showed strength against its major counterparts in the early Asian deals on Friday. The yen hit a high of 223.16 against the pound at about 11:15 pm ET, up from yesterday's close of 223.61. Against he US dollar, the yen fetched to a 2 � year high of 107.62 at about 11:15 pm ET, compared to Thursday's close of 108.46.

Euro Mixed Against Majors Amid German Data [EUR]
Amid the release of the German import price index data for the month of October, the euro showed a mixed trading. While the euro moved up versus the dollar and the pound, it weakened against the rest of majors. As of 2:06 am ET, the euro fetched 1.4913 against the dollar, 0.7205 against the pound, 160.76 against the yen and 1.6318 against the franc.

US Dollar Sets New Multi-year Low Versus Swedish Krona [USD/SEK]
The US dollar edged down against the Swedish krona in the early Asian deals on Friday. The pair hit a low of 6.2300 at about 9:35 pm Eastern Time, down from yesterday's close of 6.2743. This set a new multi-year low for the greenback. Thereafter, the pair gained slightly and was worth 6.2488 as of now.

Dollar Surges Against European Majors [USD]
The US dollar staged a sharp surge against its major European counterparts at about 3:10 am Eastern Time. As of now, the greenback was worth 1.4876 versus euro, 1.0970 against the franc and 2.0683 versus the pound.

Dollar Weakens Against Malaysian Ringgit [USD/MYR]
Against the Malaysian Ringgit, the US dollar weakened in the early Asian deals on Friday. Down from yesterday's close of 3.3850, the pair touched a low of 3.3695 by about 10:05 pm ET. As of now, the dollar-ringgit pair is worth 3.3720.

Markets Likely To Open Higher; Profit-taking May Cap Gains - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Thursday. But global cues are weak, with the U.S. stocks closing lower overnight and the major markets across the Asia-Pacific region trading weak on Thursday.

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