Loonie Now Up On The Day Versus Dollar, Rebounds From 3-month Low [USD/CAD]

Loonie Now Up On The Day Versus Dollar, Rebounds From 3-month Low [USD/CAD]
The Canadian dollar made a dramatic turnaround from early losses versus the greenback in Friday's mid-day action and is currently up on the buck for the day. The loonie fell to a 3-month low 1.0247, but charged back to trade at 1.0127 by 1 pm ET.

Yen Up Versus Euro And Sterling [USD/JPY]
The yen made gains against the euro and the sterling but dropped against the dollar Friday morning in New York. This is amid diminished risk appetite.

Dollar Hits Multi-month High Versus Sterling [GPB/USD]
The dollar soared to its highest point since late September versus the sterling Friday afternoon, rising to 2.015 from an early level near 2.04. The dollar was broadly stronger against other majors for a second day.

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.

Amended: South Korean Market Sees Volatility In Early Trade []
Amended: time 9:32 a.m. corrected as 11:00 a.m. in the second line, first paragraph.

First Trust Notes More Bad News On Inflation Front []
First Trust Advisors wrote on Friday that there was more bad news on the inflation front. Consumer prices soared 0.8% in November. With the exception of the month affected by Hurricanes Katrina/Rita, this is the largest single-month increase since Iraq invaded Kuwait in mid-1990, they said.

Stocks Fall As Fed's Plan To Ease Credit Crunch Fails To Convince Investors - Asian Commentary []
Stock markets across the Asia-Pacific region fell on Thursday, with Taiwan, China, Japan and Hong Kong leading the decline. The markets started off weak despite the U.S. closing moderately higher on Wednesday and extended their losses as investors were unconvinced about a Federal Reserve plan to work with other central banks to ease the global credit crunch.