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Tuesday, January 08, 2008

Loonie Drops Further Versus Majors [EUR/CAD]

Loonie Drops Further Versus Majors [EUR/CAD]
The Canadian dollar further weakened against its major counterparts at about 3:26 pm Eastern Time on Tuesday. As of now, the loonie is trading as low as 108.70 against the Japanese yen, 1.4767 against the euro and 1.0037 versus the dollar.

Stocks Turn Lower After Seeing Early Strength - U.S. Commentary []
After failing to sustain an early upward move, stocks have turned lower over the course of morning trading on Monday. The major averages have pulled back off their highs for the session and into negative territory.

New Zealand Shares Get Soft Wall Street Lead []
New Zealand stocks are poised For a lower open, following another day of losses on Wall Street.

Kiwi Hits Multi-day Versus Greenback [NZD/USD]
The New Zealand dollar hit a multi-day high against the US dollar on Tuesday's mid-afternoon New York deals. The kiwi-dollar pair reached a 3-day high of 0.7734 by about 2:09 pm Eastern Time, up from yesterday's close of 0.7691. The pair is now trading near 0.7730

Stocks Move Higher At The Start Of Trading - U.S. Commentary []
After turning in a mixed performance in the previous session, stocks moved higher at the start of trading on Tuesday. The major averages all moved into positive territory, with the Nasdaq rebounding after ending Friday's trading at a four-month closing low.

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