Sunday, December 30, 2007

Dollar Extends Losses Versus Euro After US New Home Sales Plummet 9 Percent []

Dollar Extends Losses Versus Euro After US New Home Sales Plummet 9 Percent []
The dollar extended this week's significant losses versus the euro Friday morning after the release of data showing that US new home sales plunged 9 percent in November to a 647,000 pace.

Loonie Up Versus Greenback And Sterling, Down Against Euro [USD/CAD]
The loonie had mixed results against its major counterparts on Friday as it jumped against the greenback and pound but fell versus the euro. This comes after yesterday's assassination of Pakistan's opposition leader, Benazir Bhutto and as oil climbs towards the $98 mark today in U.S. trading.

South Korean Market Declines On Weak Industrial Output Data []
Friday, Seoul shares closed lower on the back of downbeat industrial output data. Assassination of Pakistani opposition leader Benazir Bhutto and bleak U.S. economic data released on Thursday also impacted investor sentiment. The KOSPI index closed down 11.49 points or 0.6% at 1,897.13.

Brazilian Real Rises Versus Dollar Amid Release Of Primary Budget Surplus Figures [USD/BRL]
Brazil's central bank reported Friday morning that the nation's consolidated primary budget surplus rose to 6.82 billion reais ($3.87 billion) in November from 5.61 billion reais last year.

New Zealand Market Ends In Negative Territory []
Friday, Wellington shares closed lower, tracking the overnight weakness on Wall Street due to weak economic data and assassination of Pakistan opposition leader Benazir Bhutto. The benchmark NZX 50 Index closed down 32.63 points or 0.81% at 4,036.00 and the broader NZX All Capital Index lost 5.00 points or 0.46% to 1,092.03.

Asian Stocks Close Lower On Political Uncertainty, U.S. Economic Concerns []
Stock markets across the Asia-Pacific region fell Friday after Pakistan's former Prime Minister Benazir Bhutto was assassinated and government reports in the U.S. and Japan raised concerns that growth is slowing in the largest economies of the world.

New Zealand Shares To Close Quiet Week Amid Market Tensions []
New Zealand shares will close a quiet week of trading today amid global market tensions caused by the assassination of Pakistani opposition leader Benazir Bhutto.

British Pound Falls Against Majors [GBP/USD]
The British pound fell against its major counterparts at about 8:15 am ET. AS of now, it is worth 1.9945 versus the dollar, 2.2567 versus the franc and 0.7366 against the euro.

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