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Saturday, December 15, 2007

Kiwi Extends Losses Versus Majors [NZD/USD]

Kiwi Extends Losses Versus Majors [NZD/USD]
The New Zealand dollar extended its early losses against its major counterparts during late New York deals on Friday. As of 4:30 pm ET, the kiwi is trading at 86.77 against the yen, 0.7654 against the greenback and 1.1254 versus the Aussie.

Stocks Seeing Some Weakness Following Mixed Economic Data - U.S. Commentary []
While selling pressure has remained relatively subdued, the U.S. stock markets are seeing some weakness in morning trading on Thursday. Stocks have moved into negative territory after seeing significant volatility in the previous session.

Markets Likely To See Further Upside - Indian Commentary []
Thursday, the Indian market is likely to head higher, following the solid intra-day recovery on Wednesday. However, the global cues are mixed. The U.S. market closed moderately higher overnight, but the major markets across the Asia-Pacific region are showing some degree of weakness on Thursday.

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []
Stock markets across the Asia-Pacific region, except for China and New Zealand, closed lower Friday after Moody downgraded Citigroup. Disappointing Tankan survey results and speculation that interest rates in China will increase also weighed down investor sentiment.

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