Forex - Swiss Currency Falls Against Euro Tuesday []
11/20/2007 8:34:15 AM In trading against the euro on Tuesday, the Swiss franc saw some weakness into the morning action. The decline brought the franc to a mark of 1.6401 by 8:30 AM EST. Traders considered that EU motor vehicle output rose 5.1% year-on-year to 14.6 million vehicles in the first nine months of 2007. Production of passenger cars accounted for 87% of the whole production. This is 5% higher on year between January and September. Output from the truck sector posted significant growth of 13.8%, while light commercial vehicles went up 3.9%. Production of buses declined 25%.
Forex - Swiss Currency Rises Against Buck Tuesday Morning [USD/CHF]
11/20/2007 8:32:40 AM The Swiss currency was strong against its American counterpart in trading on Tuesday morning in New York. The franc advanced to a mark of 1.1082 as action progressed. The pair moved ahead of the FOMC minutes from the October 30 - 31 which will be revealed at 2:00 pm ET. They represent a shift from a system that has been in place since 1979 of bi annual economic projections spanning two years from the Federal Reserve. However, as announced last week, the FOMC revealed that it will now deliver these projections four times a year and extend the projection horizon from two to three years.
Forex - Dollar Sags To New Record Low Versus Euro, Eases To Sterling Tuesday Morning [EUR/USD]
11/20/2007 8:30:52 AM The dollar plunged to a new record low against the euro Tuesday morning on speculation the U.S. housing market data will show a deepening property slump, prompting the Federal Reserve to lower interest rates.
Versus its European counterpart, the dollar fell to 1.4797 by 6 am ET, down sharply from an overnight level near 1.4650.
Housing starts for October will be made public at the bond market open Tuesday morning. Analysts expect a decline from September, down to 1.175 million from 1.191 million.
The greenback lost ground to the sterling Tuesday morning in New York, slipping to 2.0650 from an overnight level near 2.05. With the decline, the dollar moved away from last Friday's multi-week high of 2.0352.
U.K.'s balance of manufacturing firms reporting growth in order book levels stood at plus 8%, the latest Industrial Trends survey results of the Confederation of British Industry, or CBI, indicated Tuesday.
The dollar was little changed against the yen after seeing modest weakness late Monday evening. The dollar slipped to 110.26, staying near a year and a half low of 109.11 from earlier in the month.
Source : http://www.rttnews.com/FOREX/Currency_mkt.asp?date=11/20/2007&item=43
11/20/2007 8:34:15 AM In trading against the euro on Tuesday, the Swiss franc saw some weakness into the morning action. The decline brought the franc to a mark of 1.6401 by 8:30 AM EST. Traders considered that EU motor vehicle output rose 5.1% year-on-year to 14.6 million vehicles in the first nine months of 2007. Production of passenger cars accounted for 87% of the whole production. This is 5% higher on year between January and September. Output from the truck sector posted significant growth of 13.8%, while light commercial vehicles went up 3.9%. Production of buses declined 25%.
Forex - Swiss Currency Rises Against Buck Tuesday Morning [USD/CHF]
11/20/2007 8:32:40 AM The Swiss currency was strong against its American counterpart in trading on Tuesday morning in New York. The franc advanced to a mark of 1.1082 as action progressed. The pair moved ahead of the FOMC minutes from the October 30 - 31 which will be revealed at 2:00 pm ET. They represent a shift from a system that has been in place since 1979 of bi annual economic projections spanning two years from the Federal Reserve. However, as announced last week, the FOMC revealed that it will now deliver these projections four times a year and extend the projection horizon from two to three years.
Forex - Dollar Sags To New Record Low Versus Euro, Eases To Sterling Tuesday Morning [EUR/USD]
11/20/2007 8:30:52 AM The dollar plunged to a new record low against the euro Tuesday morning on speculation the U.S. housing market data will show a deepening property slump, prompting the Federal Reserve to lower interest rates.
Versus its European counterpart, the dollar fell to 1.4797 by 6 am ET, down sharply from an overnight level near 1.4650.
Housing starts for October will be made public at the bond market open Tuesday morning. Analysts expect a decline from September, down to 1.175 million from 1.191 million.
The greenback lost ground to the sterling Tuesday morning in New York, slipping to 2.0650 from an overnight level near 2.05. With the decline, the dollar moved away from last Friday's multi-week high of 2.0352.
U.K.'s balance of manufacturing firms reporting growth in order book levels stood at plus 8%, the latest Industrial Trends survey results of the Confederation of British Industry, or CBI, indicated Tuesday.
The dollar was little changed against the yen after seeing modest weakness late Monday evening. The dollar slipped to 110.26, staying near a year and a half low of 109.11 from earlier in the month.
Source : http://www.rttnews.com/FOREX/Currency_mkt.asp?date=11/20/2007&item=43
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