Euro Spikes Against Major [EUR/USD]
The euro spiked against its major counterparts at about 8:40 am ET. Now, it is worth 1.4575 against the dollar, 0.7316 against the pound, 1.6666 against the franc and 166.35 against the yen.
Peso Falls To Weekly Low Versus US Dollar [USD/MXN]
The prospect of a slowing US economy and the assassination of Pakistan opposition leader Benazir Bhutto fueled a decline for the Mexican peso on Thursday.
Yen Experiences Mixed Trading With Major Counterparts [USD/JPY]
The yen was mixed in dealings with the other major currencies this morning after the assassination of Pakistan's opposition leader, Benazir Bhutto.
European Markets Rise, Led By Miners, Banks - European Commentary []
The European markets rose on Monday, as mining stocks climbed on rising copper prices and banking shares edged up after money-market rates for euros dropped to the lowest level since November 28.
Swiss Currency Strong Against Yen [CHF/JPY]
In trading against the yen on Thursday, the Swiss franc saw strength into the mid morning. The advance brought the currency to a mark of 99.65 as action progressed. The currencies traded as Japanese auto production grew 3.8% year-on-year in November.
Global Insight: Increased Caution Among Businesses As Finanicial Conditions Tighten []
Global Insight U.S. Economist Nigel Gault commented on Thursday that two monthly declines in a row for "core" capital goods orders (non-defense excluding aircraft) suggest increased caution among businesses as financial conditions tighten and the economy slows.
Thursday, December 27, 2007
Euro Spikes Against Major [EUR/USD]
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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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