New Zealand Dollar Down Amid Of October Retail Sales Data [NZD/USD]

New Zealand Dollar Down Amid Of October Retail Sales Data [NZD/USD]
New Zealand's October retail sales data was released at 4:45 pm ET. Amid the release, the kiwi moved down against its major counterparts. As of 4:45 pm ET, the kiwi was worth 0.7868 against the greenback, 88.24 against the yen and 1.1184 against the Australian dollar.

US Dollar Down Against Latin American Currencies [USD/BRL]
On Wednesday, the US dollar weakened against its Latin American counterparts amid the release of US economic data at 8:30 am ET. The US import prices jumped 2.7% in November following a revised 1.4% increase in October.

Correction: Greenback Strengthens Amid Fed's Announcement [AUD/USD]
Correction: In the earlier version, it was inadvertently said that the US dollar "weakened" instead of "strengthened" against its counterparts in Australia, New Zealand, Canadian and Singapore as the Fed announced the establishment of a temporary term auction facility in line with Bank of Canada, the Bank of England, the European Central Bank and Swiss National Bank As of now, the greenback is trading at 1.4392 against the Singapore dollar, 0.7924 against the kiwi, 0.8895 against the Aussie and 1.0097 versus the loonie.

Greenback Pares Some Losses Versus Pound But Remains Down [GBP/USD]
The greenback traded lower for the day against the sterling Wednesday in New York, but has pared some of the losses it saw immediately after the Federal Reserve announced a series of measures on Wednesday aimed at addressing the problems in the short-term funding markets.

Market Likely To Open Lower On Weak Cues From Global Peers - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Wednesday. Additionally, some degree of profit taking can be expected following record levels touched on Tuesday. The U.S. stocks fell overnight, after the Federal Reserve cut interest rates by 25 basis points to 4.25%, reflecting disappointment among some investors who were hoping for a larger rate cut.

Dollar Mixed Against Majors After Central Banks Take Rare Steps To Ease Credit Crunch []
The dollar was mixed against other major currencies on Wednesday as traders reacted to an injection of liquidity by central banks to stabilize a credit market that began to show significant signs of strain this summer due to problems in the subprime mortgage market.

Australian Market Falls Tracking Wall Street Losses []
Wednesday, Sydney shares were trading sharply lower after the U.S. stocks slumped following the Federal Reserve's decision to cut interest rates by 25 basis points to 4.25%, disappointing investors who anticipated a more aggressive reduction.