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Wall Street posts declines after easing rally, but closes Feb in positive

The US stocks market has closed the last day of February with red numbers as the major indexes retreated from highs to post losses at the last session hour. The Dow finished withing 100 points of 2007 record peak.

After declining 20.88 points or 0.15%, the Dow Jones has closed the day at 14,054.49, ending higher for third straight month with 1.2% monthly gains. The S&P 500 declined 1.31 points or 0.09% to end the day at 1,514.68, adding 1.1% on its fourth month of gains. The Nasdaq Composite eased 2.07 points or 0.07% to 3,160.19, 0.6% monthly gains.

New Zealand 4Q Terms of Trade Index rises to -1.3% vs -3.2%

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Forex Flash: USD/CAD corrections to be limited - TDS

USD/CAD has just kissed the 1.03 round number, and as Shaun Osborne, Chief FX Strategist at TDS, notes, "the downside risks will remain limited, with trend momentum bullish across a range of time frames, which means little scope for significant counter-trend corrections." The analyst adds that "even if we do see an extension lower in the next few days, losses should be limited to the high 1.01/low 1.02 zone."
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