Kiwi Rises Against Pound On Tuesday [GBP/NZD]

Kiwi Rises Against Pound On Tuesday [GBP/NZD]
The New Zealand kiwi gained against its British counterpart in trading on Tuesday. As action moved into the midday, the kiwi rose to a mark of 2.6053. The pair moved as the U.K.'s visible trade deficit narrowed to 7.1 billion pounds in October from an upwardly revised 8 billion pounds in September.

Israel's Shekel Extends Losses Versus Greenback [USD/ILS]
The Israeli shekel added to its recent losses against the US dollar during Tuesday's early deals. The dollar-shekel pair hit a 26-day high of 3.9387 at about 4:00 am ET and thereafter, the buck edged down, before it settled into a tight range. The pair that closed yesterday's deals at 3.9103, moved further higher at about 10:50 am ET and scaled a new multi-week high of 3.9388.

New Zealand Currency Mixed Against Euro [EUR/NZD]
Versus the euro on Tuesday, the New Zealand currency saw mixed action. The currency tried to rise past the 1.8700 mark, but gave back gains to fall to 1.8766 as trading progressed. The Mannheim-based ZEW said its economic sentiment indicator for Germany fell to a level of minus 37.2 points in December from minus 32.5 seen in November.

Stocks Fall Ahead Of U.S. Interest Rate Decision, Renewed U.S. Subprime Worries - Asian Commentary []
Major stock markets across the Asia-Pacific region, except for China and Indonesia, closed weak on Monday after Switzerland's largest bank, UBS, said that it was writing down US$10 billion as a result of the U.S. subprime mortgage crisis. The markets had opened weak on the back of Wall Street's lackluster session on Friday and ahead of the U.S. Federal reserve's rate decision on Tuesday.