[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Australia added more than double the expectations increasing the shortage of skilled laborers. The number of people employed increased by 52,600, this was the 13th consecutive increase. The jobless rate rose to 4.5% as the strong labor market encouraged more people to look for work.
• [B]USDCHF [/B]– The Swiss Natiaonal Bank left interest rates unchanged for the first time in two years. The SNb expects Swiss GDP growth to be around 2% in 2008 showing little affects of the current turmoil in the international finacial markets.
• [B]GBPUSD [/B]– The UK housing market continues to show signs of trouble as housing prices fell for the fourth consecutive month and the most negative since 1998, according to the RICS House price survey. Although prices are falling a collapse similar to the US market is unlikely due to the sound economic fundametals and strong labor market. Discuss the topic in the DailyFX GBP/USD Forum.
• [I]Fed Tries to Separate Market Strains From Economy /I – Bloomberg
• [I]Beijing Lectures US On Weak Dollar ([/I][link](javascript:void(0);/1197549025096/)) – Financial Times
• [I]New Zealand October Retail Sales Fall 0.7% on Rates /I – Bloomberg
• [I]UK housing market slows still futher[/I] (link) – Financial Times
• [I]Central Banks Fail to Thaw Money Markets as Rates Stay at Seven-Year High /I – Bloomberg
