Thursday, December 06, 2007

Kiwi Choppy Versus Dollar In Trading On Thursday [NZD/USD]

Kiwi Choppy Versus Dollar In Trading On Thursday [NZD/USD]
The New Zealand currency was choppy against its American counterpart in trading on Thursday. The kiwi bounced between a high of 0.7730 and a low of 0.7690 as action progressed. The pair moved as a US report showed that jobless claims fell to 338,000 from the previous week's revised figure of 353,000.

Kiwi Moves Uncertainly Against Yen [NZD/JPY]
In trading against the yen on Thursday, the New Zealand currency saw mixed action into the midday. The kiwi bounced between a high of 85.88 and a low of 85.10 as trading progressed. The pair moved as the Organization for Economic Cooperation and Development slashed Japan's economic growth for 2008 to 1.6% from 2.1% previously estimated.

Kiwi Mixed In Action Versus Euro [EUR/NZD]
Versus the euro on Thursday, the New Zealand currency saw mixed action. The currency fell sharply past 1.8950 in the early hours, but started to recover around midday to move at 1.8941. The currencies traded as the European Central Bank maintained its key interest rate at a six-year high of 4%.

Stocks Fall On Economic Data - U.S. Commentary []
Stocks are trading slightly below the unchanged line on Monday, as weak economic data depresses the markets and as investors digest a speech by Treasury Secretary Hank Paulson.

Greenback Mixed Against Majors Thursday Ahead Of Pivotal Employment Reading [EUR/USD]
The greenback was mixed against other major currencies on Thursday in New York ahead of Friday's pivotal reading of the US employment situation. Traders also considered a surprise rate cut from the Bank of England.

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