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Friday, December 07, 2007

Stocks Fall On Economic Data - U.S. Commentary []

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.

Mexican Peso Advances Against US Dollar [USD/MXN]
The Mexican peso gained ground against the US dollar at about 10:05 pm Eastern Time, Thursday and moved to a high of 10.8152 at about 2:35 am ET. This set a new multi-week high for the peso. The pair closed yesterday's deals at 10.8295. The peso is in an upward channel against the greenback since November 27.

Stocks Trading Modestly Higher - U.S. Commentary []
The markets are forestalling any major movements in early trading on Thursday, as investors anxiously await the President's announcement on his plan to bail out subprime mortgage borrowers.

Stocks Continue To Post Standout Gains In Early Afternoon Trading - U.S. Commentary []
After closing lower in the two previous sessions, the U.S. stock markets have moved back to the upside on Wednesday. The markets are benefiting from broad based strength following the release of some better than expected economic data.

Yen Mixed Against Majors [JPY]
The Japanese yen showed a mixed trading against its major counterparts in early Asian trading on Friday. While the yen gained against the pound and the franc, it dropped versus the rest of its major counterparts.

Stocks Fall On Economic Data - U.S. Commentary []
Stocks turned to the downside on Monday, reversing the upward trend generated last week on economic worries after weak manufacturing data was released early in the session.

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