Yen Weakens Further Against European Counterparts [EUR/JPY]

Yen Weakens Further Against European Counterparts [EUR/JPY]
The Japanese yen has been weakening further against its European counterparts during the early deals on Tuesday. Currently, the yen is trading near 164.88 against the euro, 229.41 versus the pound and 99.25 against the franc.

US Dollar Slips To 1.471 Against Euro [EUR/USD]
US dollar slips to 1.471 against Euro.

New Zealand Stocks Trade Weak []
Tuesday, Wellington stocks were trading weak despite the positive overnight Wall Street lead. The benchmark NZX 50 Index was losing 8.56 points or 0.21% to 4,048.92, while the NZX All Capital Index was declining 4.16 points or 0.10% to 4,114.91.

Light Volume Seen For Malaysian Stocks []
The Malaysian stock market saw its modest two-day winning streak draw to a close, and now the Kuala Lumpur Composite Index is expected to follow the rest of the region to a very light turnout Tuesday ahead of news from Washington later in the day.

Hungarian Forint Soars To New Multi-year High Against Dollar [USD/HUF]
During the early deals on Tuesday, the Hungarian Forint gained against the US dollar. The Hungarian currency fetched a new multi-year high of 170.67 by about 2:40 am ET, compared to 171.28 late Monday in New York. The forint then lost ground and the pair is now trading near 171.1.

Pound Surges Against Majors [GBP/USD]
At about 2:30 am Eastern Time, Tuesday the British pound staged a sharp surge against its major counterparts. Currently the pound is worth 2.0506 versus the US dollar, 2.3111 against the franc, 229.28 versus the yen and 0.7191 against the euro.

Hang Seng Waiting On Fed Decision []
The seven-day win streak is history, and now the Hong Kong stock market is mired in a two-day decline as it prepares for business on Tuesday. Analysts think the market will follow the rest of the region to the upside, possibly re-testing the 29,000 level.

China Stocks Surge As Goverment Raises QFII Quota []
Monday, Shanghai shares closed higher, led by consumer and metals stocks, on the back of news that the government is raising the investment quota for the qualified foreign institutional investor or QFII to US$30 billion from US$10 billion. The market had opened sharply lower in response to the hike in the bank reserve requirement.

New Zealand Market Declines Despite Positive Lead From Wall Street []
Tuesday, Wellington shares closed lower despite positive lead from Wall Street. The benchmark NZX 50 Index closed down 30.54 points or 0.76% at 4,026.95, while the NZX All Capital Index lost 7.62 points or 0.70% to end at 1,089.98.