US Dollar Down Against Majors [EUR/USD]

US Dollar Down Against Majors [EUR/USD]
The US dollar showed weakness in action against its major counterparts in Asian trading on Wednesday.

Pound Falls To Record Low Versus Euro [EUR/GBP]
Wednesday during early deals, the pound weakened against its major counterparts, hitting a fresh record low against the euro. Against the franc and the yen, the pound touched lows since 2 � years and 4-� months respectively.

Stocks May Move Modestly Higher In Early Trading - U.S. Commentary []
After ending the previous session roughly mixed, stocks may move modestly higher in early trading on Monday. The major U.S. index futures are indicating a higher open for the markets, although buying interest is likely to remain somewhat subdued.

Canadian Dollar Falls To Multi-day Lows Against Majors [USD/CAD]
The Canadian dollar weakened to multi-day lows against its major counterparts in early deals on Wednesday. At about 2:20 am ET, the loonie touched 15-day lows of 0.8722 against the aussie and 1.4550 against the euro, compared to yesterday's close of 0.8654 and 1.4416, respectively.

Stocks Remain Mostly Negative In Late Morning Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, stocks are seeing continued weakness in late-morning trading on Wednesday. Worries about higher oil prices and weak holiday spending are contributing to the continued weakness.

Brazil's Trade Surplus Up In December But Narrows In 2007 [USD/BRL]
According to data released Wednesday morning at 7 am ET, Brazil's 2007 foreign trade surplus was down at $40.04 billion. However, Brazil's December trade surplus was up from November at $3.6 billion.

Loonie Declined Against Greenback And Sterling, Advanced Versus Euro [USD/CAD]

Loonie Declined Against Greenback And Sterling, Advanced Versus Euro [USD/CAD]
The loonie dropped against the greenback and the sterling but experienced uncertain dealings with the euro on Monday. The trading was quiet, with investors getting a head start on the New Year's holiday.

New Currency For Venezuela [USD/VEB]
President Hugo Chavez launched a new currency for Venezuela, with effect from New Year Day, as part of his fight against inflation in the country.

Euro Drops Versus Other Major Currencies [EUR/USD]
The euro fell against its major counterparts during Monday morning's dealings in New York. The trading was quiet, with investors getting a head start on the New Year's holiday.

Canadian Stocks End The Year With A Whimper Concerns About '08 - Canadian Commentary []
Amid lingering concerns that a major slowdown for the US economy will spill over into Canada, Toronto stocks finished 2007 on a lackluster note Monday.

Greenback Slips Versus Real [USD/BRL]
The dollar eased slightly against the Brazilian real on Monday. The greenback fell from its early morning high of 1.780 to 1.775 just after 10:00 am ET. The dollar has since stabilized at 1.7795 amid quiet trading, with investors getting an early jump on the New Year's holiday.

Dollar Adds To Early Gains Versus Euro [EUR/USD]
The dollar extended its early rally against the euro in mid-day dealing on Monday, soaring to 1.4580 from an overnight low near 1.4750. The dollar received a boost from the 10 am ET release of better than expected US existing home sales figures for November.

Yen Advanced Versus Euro And Pound, Uncertain Against Dollar [USD/JPY]
The yen rose against both the euro and sterling on Monday in New York, but traded with uncertainty versus the greenback. The trading was quiet, with investors getting a head start on the New Year's holiday.

FT Advisors Optimistic About US Economy In 2008 []
Brian S. Wesbury and Robert Stein, economist at FT Advisors remarked Monday that in the first few days of 2008, despite the holiday, the data flow will be pretty heavy, including the employment report on Friday, which they expect to be slightly on the weak side with just 65,000 new jobs.