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Sunday, December 30, 2007

Franc Strong Versus Yen [CHF/JPY]

Franc Strong Versus Yen [CHF/JPY]
Versus the yen in trading on Friday, the Swiss franc saw strength into the mid morning action. The franc rose to a mark of 99.95 as action progressed. The currencies moved as the Japanese core CPI, which excludes fresh food prices, increased 0.4 percent in November compared to one year earlier.

Dollar Advances To Multi-week High Versus Mexican Peso Friday Morning []
The dollar surged higher against Mexico's peso Friday morning as traders weighed data signalling more problems in the US housing market. The dollar advanced for a second day, jumping to 10.9012 after pausing near 10.87 overnight.

Thai Shares Set To Ease []
Stock markets around the world are expected to react badly to the assassination of former Pakistani Prime Minister Benazir Bhutto, and the Stock Exchange of Thailand is no exception. Following news of turmoil in Pakistan and other negative global cues, the SET is seen headed to the downside Friday on the final trading day of the year.

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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.