Franc Declines Against Majors Amid Swiss Economic Data [CHF]
The Swiss SVME purchasing managers index for the month of November was released at 3:30 am ET. Following the release the franc declined against its major counterparts. As of 3:35 am ET, the franc was worth 1.1282 against the US dollar, 1.6543 versus the euro, 2.3214 against the pound and 98.17 versus the yen.
South Korean Market Rises On Wall Street Gains []
South Korean shares were higher in early trading on Friday after Wall Street continued to advance amid hopes for another interest rate cut. Further, investor sentiment was positive following favorable recent economic data at home. At 11:04 a.m. local time, the benchmark KOSPI index was up 31.25 points or 1.66% at 1,908.88.
US Dollar Down Against Majors [USD]
The US dollar weakened against its major counterparts in the Asian deals on Monday.
Euro Declines Against Majors Amid French Data [EUR]
Amid the release of the French producer prices data for the month of October, the euro declined against its major counterparts. At about 2:50 am ET, the euro fetched 1.4690 against the dollar, 0.7134 against the pound, 162.32 against the yen and 1.6546 against the franc.
Positive Momentum For Singapore Stocks []
Following the rest of the region into positive territory, analysts are calling for the Singapore stock market to soar on Friday after optimistic comments by U.S. Federal Reserve Chairman Ben Bernanke within the last hour.
US Dollar Declines Against East European Currencies [USD]
Monday morning, the US dollar showed weakness against its Scandinavian, Nordic and some of its east European Counterparts.
Pound Strengthens Against Majors [GBP]
Around 2:05 am ET, the pound gained against its majors. The pound fetched a high of 2.0636 versus the dollar, 0.7116 against the euro, 228.28 against the yen and 2.3255 against the franc.
Monday, December 03, 2007
Franc Declines Against Majors Amid Swiss Economic Data [CHF]
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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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