fmxExchangeConnect - Euro Advances Against Dollar Before Berlusconi Budget Vote; Franc Gains

Categories:

follow FMX on

Data Reports:: market snapshot; energy >> crude report; energy >> options report; energy >> natural gas report; commodities >> metals report; weather >> full report

<< Too Big to Fail: Championing the Slow Decline | Goldman Sachs and the Moral Hazard of the Broker Dealer Model >>

Euro Advances Against Dollar Before Berlusconi Budget Vote; Franc Gains

November 8 2011, 08:43

FMX|Connect- WWW.FMXConnect.com (Reported on 11/8/2011)

Euro Advances Against Dollar Before Berlusconi Budget Vote; Franc Gains

Source: Bloomberg

The euro rose against the dollar before Italian Prime Minister Silvio Berlusconi faces a budget vote and amid speculation that Greece is close to forming a national government.

The 17-nation currency erased losses against the yen before the vote scheduled for 9:30 a.m. New York time. The franc rose against the euro as Swiss National Bank Vice President Thomas Jordan said the SNB is not weakening the nation’s currency to gain export advantage. Australia’s dollar fell against all of its 16 most-traded counterparts after data showed the nation’s trade surplus narrowed more than forecast. Global stocks rose. To read the full article, click here.

To view our exchange reports and articles on your PDA or mobile device, click here.

-----

About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants.

Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2010. All rights reserved.