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		Home Page Mortgage News You Can Use Dollar Steady; Asian Stock Rise Slows part two MSCI's broadest index of markets in Asia outside Japan was up just 0.03 point at 240.03 and just below Friday's peak of 240.37, the highest since March 2000. Taiwan's TAIEX closed at a 40-month high of 6,565.37, helped by Cathay Life, the island's largest listed financial firm, which rose 3.25 percent to T$63.50. Seoul's Korea Composite Stock Price Index nudged to a 22-month high but ended 0.1 percent lower at 881.28 to break a seven-session winning streak. Hong Kong's Hang Seng index closed up at 13,831.53, its highest since February 2001, on the prospects for strong earnings reports. DOLLAR SEEN WEAKENING At 0806 GMT, the euro was trading at $1.2737, just below its record high of $1.29 traded last month. The dollar was trading at 105.47 yen, holding just above the three-and-a-half year low of 105.15. Dealers fear intervention at 105 yen. The Australian dollar, which rose to a seven-year peak of 79.48 U.S. cents on Friday, hugged 79 cents on Monday, trying to regain ground lost in late trade on Friday. Spot gold was trading just below $410 an ounce, steady from New York. Upbeat comments by U.S. Federal Reserve Chairman Alan Greenspan injected confidence into Wall Street last week, but that was knocked on Friday by the trade and consumer reports. The U.S. trade deficit widened nearly 11 percent in December to leave the 2003 trade gap at a record $489.4 billion, 17 percent wider than 2002. The University of Michigan index of consumer confidence fell sharply to a surprisingly low 93.1 in February, reversing a strong rise in January to 103.8. The benchmark Dow Jones industrial average dropped 0.62 percent on Friday to 10,627.85, while the tech-heavy Nasdaq Composite Index fell one percent to 2,053.56.   Back to Original Article: News You Can Use   Continue with: Gasoline prices inch upward This week in business Tax Guide 2004 Filling Out the 1040 Starting Planning, Now Tax Planning Is Not Just for April Taming the Paper Tiger Income Tax Software Eases Annual Filing to IRS Online Tax Tools Web Sites Offer Income Tax Advice and Assistance Uncle Sam Watching the Web Internet Taxes Considered, Again Tips to Get Started on 2003 Tax Returns Minimum Tax Causing Taxpayer Headaches Investment Costs Can Mean Tax Breaks Democrats Assail Bush Budget Plans, Tax Cuts Congress to Table Permanent Tax Cuts IRS Employees Targeted in Tax Review Few Tax Changes Expected for Small Biz
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