Friday, November 16, 2007
The dollar go down on Friday, but was on track for its leading weekly gain against a basket of major currencies in over a month in spite of improbability in the credit market. The dollar chop down against most major currencies on reports showing the biggest fall in U.S. industrial production since January and under estimated foreign investment in U.S. assets in September, but it increase against the urge as Wall Street store indexes posted modest gains on the day.
"The improved bout of credit risk and associated increase in risk aversion is clearly dominate trading this week," which tracks the U.S. currency's concert against a basket of six major currencies, was fall on Friday at 75.785, but it was up and about 0.6 percent on the week.
Refer: http://investing.reuters.co.uk/news/articleinvesting.aspx?type=Us
DollarRpt&storyID=2007-11-16T212331Z_01_N16413287_RTRIDST_0_
MARKETS-FOREX-UPDATE-10.XML
"The improved bout of credit risk and associated increase in risk aversion is clearly dominate trading this week," which tracks the U.S. currency's concert against a basket of six major currencies, was fall on Friday at 75.785, but it was up and about 0.6 percent on the week.
Refer: http://investing.reuters.co.uk/news/articleinvesting.aspx?type=Us
DollarRpt&storyID=2007-11-16T212331Z_01_N16413287_RTRIDST_0_
MARKETS-FOREX-UPDATE-10.XML
posted by stifxonline
@ 10:08 PM
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