Forex - Euro Surges To Weekly High Versus Sterling [EUR/GBP]
12/4/2007 1:20:01 PM The euro jumped to a weekly high against the sterling on Tuesday, rising to .7174 by noon ET. With the advance, the euro accelerated way from Monday's multi-week low of .7088 and back towards November's 4-year high of .7216.
Forex - Yen Rises Against Major Currencies Amidst Credit Market Worries [USD/JPY]
12/4/2007 11:47:53 AM With trader concerns over global credit markets, the yen made gains on the major currencies in Tuesday morning New York trading.
The yen rose against the dollar in early morning trading before leveling off around 7:00 a.m. Eastern Time. The yen hit a multi-day high of 109.54 at 9:30 a.m. working its way back to November's multi-year high.
The yen climbed versus the euro Tuesday morning before retreating back into a range between 161.55 and 162.09. The yen had spiked up to 160.91 at 5:00 a.m. Eastern Time before paring back its gains.
The yen jumped versus the pound after Monday's uncertain trading. The yen sprang up to 226.10 at 5 a.m. E.T. after hitting a daily low of 227.93. The yen has leveled off around 226.00 near a multi-day high.
Japan's monetary base rose 1% year-on-year in November to 87.16 trillion yen, a report from the Bank of Japan showed Tuesday. A year ago, the monetary base fell 22.3%. The seasonally adjusted monetary base grew 0.5% year-on-year in November, smaller than the 2.4% registered in October.
Forex - Loonie Pares Some Of Its Early Losses As Traders Continue To Assess BOC Rate Cut [USD/CAD]
12/4/2007 11:22:56 AM The loonie pared its early losses against the dollar in late morning dealing, rebounding to 1.01 from a 2-month low of 1.0150. The loonie fell sharply shortly after 9 am ET when the Bank of Canada revealed it is lowering its target for the overnight rate by a quarter point to 4.25 percent.
The Bank of Canada was under pressure from manufacturers to devalue the loonie by lowering interest rates. The loonie rallied to a modern-era record high near .90 a few weeks back, but fell from there amid indications its rally was overdone.
Source : http://www.rttnews.com/forex/currency_mkt.asp
12/4/2007 1:20:01 PM The euro jumped to a weekly high against the sterling on Tuesday, rising to .7174 by noon ET. With the advance, the euro accelerated way from Monday's multi-week low of .7088 and back towards November's 4-year high of .7216.
Forex - Yen Rises Against Major Currencies Amidst Credit Market Worries [USD/JPY]
12/4/2007 11:47:53 AM With trader concerns over global credit markets, the yen made gains on the major currencies in Tuesday morning New York trading.
The yen rose against the dollar in early morning trading before leveling off around 7:00 a.m. Eastern Time. The yen hit a multi-day high of 109.54 at 9:30 a.m. working its way back to November's multi-year high.
The yen climbed versus the euro Tuesday morning before retreating back into a range between 161.55 and 162.09. The yen had spiked up to 160.91 at 5:00 a.m. Eastern Time before paring back its gains.
The yen jumped versus the pound after Monday's uncertain trading. The yen sprang up to 226.10 at 5 a.m. E.T. after hitting a daily low of 227.93. The yen has leveled off around 226.00 near a multi-day high.
Japan's monetary base rose 1% year-on-year in November to 87.16 trillion yen, a report from the Bank of Japan showed Tuesday. A year ago, the monetary base fell 22.3%. The seasonally adjusted monetary base grew 0.5% year-on-year in November, smaller than the 2.4% registered in October.
Forex - Loonie Pares Some Of Its Early Losses As Traders Continue To Assess BOC Rate Cut [USD/CAD]
12/4/2007 11:22:56 AM The loonie pared its early losses against the dollar in late morning dealing, rebounding to 1.01 from a 2-month low of 1.0150. The loonie fell sharply shortly after 9 am ET when the Bank of Canada revealed it is lowering its target for the overnight rate by a quarter point to 4.25 percent.
The Bank of Canada was under pressure from manufacturers to devalue the loonie by lowering interest rates. The loonie rallied to a modern-era record high near .90 a few weeks back, but fell from there amid indications its rally was overdone.
Source : http://www.rttnews.com/forex/currency_mkt.asp
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