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Friday, November 23, 2007

Yen Steady Versus Dollar, Gains On Other Majors Friday Morning [USD/JPY]

Yen Steady Versus Dollar, Gains On Other Majors Friday Morning [USD/JPY]
The yen paused against the dollar but continued to trend higher versus the euro and sterling Friday morning in New York. The yen advanced this week against all of the world's 16 most-actively traded currencies.

Quiet Day For China Shares []
Not much action is expected on the Chinese stock market when the Shanghai Composite Index kicks off trade on Thursday as much of the market's liquidity is locked up in pending initial public offerings.

Dollar Snaps Back After Falling To New Lows Versus Euro, Yen Overnight [EUR/USD]
The dollar snapped back from overnight losses versus other majors Friday morning in New York. The greenback hit a fresh record low versus the euro and a multi-year trough against the yen before fighting back ahead of an abbreviated session on Wall Street.

Swiss Currency Choppy In Trading Versus Euro [EUR/CHF]
The Swiss currency moved little against its European counterpart in trading on Friday morning. The franc moved between a high of 1.6310 and a low of 1.6338 as action progressed. The pair moved as French consumer spending declined more than expected from the prior month in October.

Swiss Currency Moves Little Against Pound [GBP/CHF]
The Swiss currency saw little movement in trading against its British counterpart on Friday. By the mid morning, the franc had moved between a higho f 2.2620 and a low of 2.2740. The pair moved as the number of mortgage approved in the U.K. for house purchases declined to 44,105 in October from 53,997 in the previous month.

KOSPI Skid May Hit Six Days []
The losing streak has already been extended to five days for the South Korean stock market, and investors are not optimistic that it will come to an end when the KOSPI kicks off trade on Thursday.

Swiss Currency Slips Slightly Versus Greenback [USD/CHF]
The Swiss currency fell slightly against its American counterpart in trading on Friday. The decline brought the franc to a mark of 1.1025 versus the buck as trading progressed in the early hours, and held near that mark into the mid morning. On the whole, the franc is at a multi-year high against its American counterpart.

Markets Likely To Edge Higher - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Friday. There is no lead from Wall Street as it was closed on account of Thanksgiving holiday on Thursday. The major markets across the Asia-Pacific region are a mixed pack on Friday.

Swiss Currency Varied On Friday []
The Swiss currency was mixed against its counterparts in action on Friday morning in New York. The currency moved with little economic news from the area.

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