Stocks Close Mixed; Japan Reverses Losses - Asian Commentary []

Stocks Close Mixed; Japan Reverses Losses - Asian Commentary []
Stock markets across the Asia-Pacific region closed mixed on Tuesday after the U.S. shares finished flat overnight amid economic growth concerns.

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.

Japanese Market Slides On U.S. Economic Growth Worries []
Monday, Tokyo shares settled sharply lower, following Wall Street's losses on Friday as a weaker-than-expected U.S. December jobs data raised concerns that the world's largest economy might slip into recession. The benchmark Nikkei 225 index closed down 190.86 points or 1.3% at 14,500.55, but off day's low of 14,438.61.

Franc Mixed Versus Majors Tuesday Morning [USD/CHF]
The Swiss currency was choppy in trading against its world counterparts in action on Tuesday morning in New York. The franc moved with little economic news from the area.

Yen Gains Momentum Against Majors [EUR/JPY]
Reversing the early losses, the Japanese Yen gained some ground against its major counterparts during the early New York deals on Tuesday. As of 8:47 am ET, the yen was trading near 109.38 versus the dollar, 216.00 versus the pound and 160.85 versus the euro.

Greenback Moves Back Towards Multi-decade Low Versus Aussie []
The dollar extended its early decline in late morning dealing versus its Australian counterpart on Tuesday, slipping to .8826 from an overnight level near .878. With the retreat, the dollar moved back towards a week-old multi-decade low of .8853.

Australia Stocks Expected To Open Lower []
Australian stocks are poised for a lower Tuesday open, following a luke warm lead from Wall Street.