Dollar Hits New Record Low Versus Loonie Tuesday Afternoon [USD/CAD]

Dollar Hits New Record Low Versus Loonie Tuesday Afternoon [USD/CAD]
The dollar slipped to a new record low versus the Canadian dollar Tuesday afternoon in New York, extending a dramatic downtrend coinciding with all-time high oil prices. After a mid-morning rally lost steam, the greenback heading lower, dropping to .9229 by 1:30 pm.

Dollar Extends Modern-era Lows Versus Loonie Tuesday Morning [USD/CAD]
The dollar extended its dramatic recent decline against its Canadian counterpart Tuesday morning in New York, dropping to a fresh modern-era low as traders braced for Federal Reserve Chairman Ben Bernanke's speech at microfinance conference in San Antonio.

Australian Shares Open With News Of Higher Interest Rates []
Australian shares open trading on Wednesday with word of a widely expected interest rate increase from the nation's central bank.

New Zealand Shares Look To Join Wall Street Rebound []
New Zealand shares will look to Wall Street's positive lead-in as trading in Wellington opens on Wednesday.

Danske Bank Posits ECB Will Be In Wait And See Position Thursday []
Niels-Henrik Bjorn, economist at Danske Bank, remarked on Tuesday that like last month, the ECB will be in a “wait and see” position on Thursday.

Japan Stocks Look To Rebound Following Two-Day Decline []
Japan stock shares finished modestly lower on Tuesday, dropping to seven-week lows, attributed to ongoing credit fears.

China Shares Likely To Extend Losses []
China's benchmark stock market has seen decline in each of the last three days, and likely will again Tuesday when the Shanghai Composite Index opens, after the government released new restrictions on trade.

KOSPI Eyes Record Territory []
South Korea's stock market shook off a negative performance on Wall Street and soared close to record territory on Tuesday. After a positive lead from the U.S., analysts are calling for the market to set a new mark when it opens for business on Wednesday.

BNP Paribas States ECB Likely To Maintain Hawkish Tone Thursday, But Should Maintain Refi Rate []
Clemente De Lucia from BNP Paribas stated on Tuesday that activity in the services sector in the Eurozone rebounded in October. The business activity index was up by more than 1 point with respect to September. She stated that this rebound was expected as a correction from last month when the index fell by almost 4 points.

Danske Bank Examines Recent Senior Loan Officer Opinion Survey []
Peter Possing Andersen from Danske Bank remarked that last night the Federal Reserve released the Senior Loan Officer Opinion Survey. Andersen noted the latter is a survey of the lending standards for the prior three months to October.