Excerpt from:  Forex Market Recap
.
November 29, 2007

GFT Market Recap: Asia Session

Fed Chairman Bernanke spoke during the session.  In the speech he hinted that further rate cuts may be necessary to help a slumping economy.  The last Fed announcement of the year is December 11th.  There was little market reaction to the speech.

 

 

                RANGES

      3:00 pm-11:00pm EST

 

 

Low

High

EUR/USD

1.4738

 1.4779

GBP/USD

2.0606

2.0665

USD/JPY

 109.64

110.42

USD/CHF

 1.1160

1.1197

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