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Sunday, December 09, 2007

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]
The New Zealand currency was mostly mixed against its counterparts in trading on Friday midday in New York. The kiwi moved with little economic news from the area.

Sterling Gives Back Early Gains To Dollar And Euro Amid Lingering Concerns About UK Economy [GPB/USD]
The sterling was unable to sustain its early gains against the dollar and euro Friday morning in New York. Pessimism about the health of the British economy continued to hang over the sterling, with many analysts now saying that the Bank of England will need to further cut interest rates in next year.

European Markets Fall, Led By Commodities - European Commentary []
The European markets fell for the first time in four days on Monday, as mining and energy stocks slipped after copper and crude oil prices retreated.

Stocks Move Sharply Higher At The Open - U.S. Commentary []
After closing lower in the two previous sessions, stocks moved sharply higher at the start of trading on Wednesday. The major averages all moved firmly into positive territory on the heels of better than expected employment data.

Stocks Close Sharply Higher On Strong Economic Data - U.S. Commentary []
After closing lower in the two previous sessions, the U.S. stock markets staged a substantial rebound during trading on Wednesday. Most stocks moved higher following the release of some better than expected employment data.

New Zealand Dollar Hits New Multi-month High Against Pound []
Extending the gains posted yesterday, the New Zealand dollar moved to a new multi-month high of 2.5984 against the sterling during early New York deals on Friday, but the pair has rebounded to a high of 2.618 towards the close of the day. Breaking a resistance level of 2.6130, the kiwi leveled a high since late July against its British counterpart yesterday.

New Zealand Currency Uncertain Against Euro [EUR/NZD]
In trading against the euro on Friday, the kiwi saw little direction. As action moved into the midday, the New Zealand currency bounced between a high of 1.8745 and a low of 1.888. The currencies traded as German industrial output declined from the prior month, while annual growth accelerated in October.

Stocks See Lackluster Performance Ahead Of Interest Rate Decision - U.S. Commentary []
Wall Street saw limited movement on Friday, with light volume and volatility characterizing today's trading as investors looked forward to next week and the Federal Reserve's interest rate decision.

Kiwi Choppy In Trading Against American Counterpart [NZD/USD]
The New Zealand currency was choppy in trading against its American counterpart on Friday. By the midday, the kiwi had bounced between a high of 0.7810 and a low of 0.7745. The pair moved as the November reading of Non-farm Payrolls came in at +94k for the US.

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