28 November 2007 - 9:45daily analysis 11/28

The strong KOF did nothing to strengthen the Franc and the Yen faired no better.  Apparently this recent move in the fx markets is a knee jerk reaction to the huge move that has occurred already.  Even the dollar is rallying currently, although the existing home sales are still coming out today.  So there is a little egg on my face today.  The Canadian dollar as I expected has held the $1 level and appears to once again be the best buy against the greenback.  Look for weaker than expected home sales data in 15 minutes.