Google

Sunday, December 02, 2007

Sterling Falls Versus Dollar And Euro As Consumer Confidence Wains [GBP/USD]

Sterling Falls Versus Dollar And Euro As Consumer Confidence Wains [GBP/USD]
The pound sunk against the dollar and the euro in Friday trading amidst news of a drop in British consumer confidence.

New Zealand Currency Choppy Against Pound [GBP/NZD]
Versus the pound on Friday, the New Zealand currency saw little action into the midday trading. The kiwi held between a high of 2.6680 and a low of 2.680 as action progressed. The pair moved as the U.K. consumer confidence fell to minus 10 in November from minus 8 in October.

U.S. Dollar Advancing Against Pound [GBP/USD]
The U.S. dollar is moving to higher ground against the British pound sterling. The greenback is trading in New York at 2.0549 to the pound, reaching its highest level against the sterling since November 23.

Swiss Franc Slips To 2-week Low Versus Dollar [USD/CHF]
The Swiss franc fell to a 2-week low versus the resurgent US dollar on Friday. The franc fell to 1.1294 by noon ET, extending week-long downtrend.

Japan Shares Set For Higher Open []
Japan stocks are poised to open marginally higher on Friday off of another positive lead from Wall Street.

New Zealand Currency Choppy Against Euro [EUR/NZD]
In trading against the euro on Friday's midday, the New Zealand currency saw choppy action. As trading progressed, the kiwi bounced between a high of 1.9060 and a low of 1.9140. The pair moved as the Euro zone's economic sentiment dropped 1.2 points to 104.8 in November.

Malaysian Stocks Likely To Extend Streak []
The Malaysian stock market has stretched its winning streak to six sessions, and analysts figure that the Kuala Lumpur Composite Index can make it seven straight when it opens for business on Monday.

Japanese Stocks Rise []
Tokyo shares were were trading higher on Friday after U.S. stocks closed flat overnight. At 10:30 a.m. local time, the benchmark Nikkei 225 Index was up 122.09 points at 15,635.83 and the broader Topix Index of all First Section issues on the Tokyo Stock Exchange was adding 10.99 points to 1,525.46.

No comments:

Advertisement

Legal disclaimer and risk disclosure

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.