Loonie Hits 2-week High Versus Euro While Rebounding Versus Dollar [USD/CAD]

Loonie Hits 2-week High Versus Euro While Rebounding Versus Dollar [USD/CAD]
The loonie soared to a 2-week high versus the euro before giving back a portion of its early gains Friday afternoon. The loonie jumped to 1.4615 by noon ET, then eased slightly to close near 1.47.

Global Insight Comments On Headline Index Data []
Global Insight U.S. Economist Kenneth Beauchemin remarked on Friday that the largest rise in the headline index since Hurricane Katrina ravaged Gulf of Mexico energy production, coupled with an uptick in the core rate, may well be the first clear sign that months of soaring and volatile energy prices are seeping their way into consumer prices at large.

Stocks Seeing Continued Weakness In Mid-Afternoon Trading - U.S. Commentary []
After turning in a mixed performance in the previous session, stocks have moved mostly lower during trading on Friday. The major averages have remained in negative territory for most of the session, although the Nasdaq briefly peeked above the unchanged line in late morning trading.

Hang Seng Seeks Support []
Hong Kong investors in weren't impressed by the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Hang Seng Index on Thursday. The market has dropped more than 1,500 points in the last two sessions to dip under the key support level of 28,000 points - and now investors are looking for support as the index prepares for trade on Friday.