[U][B]Fundamental Headlines[/B][/U]
• [B]USDJPY [/B]– Japanese domestic CGPI jumped 2.3 percent in November from a year ago – the sharpest gain in over a year – led by a spike in oil prices. However, with companies slow to pass costs through the customers, CPI is unlikely to follow suit in the near-term, which should prevent the BOJ from normalizing rates anytime soon.
• [B]EURUSD [/B]– Industrial production in the Euro-zone was stronger than expected in October, as solid demand for goods within Europe and from emerging markets like China keeps output growth resilient. However, the appreciation of the Euro threatens to hurt dollar-denominated transactions and thus, business sentiment. Discuss the topic in the DailyFX EUR/USD Forum.
• [B]GBPUSD [/B]– The number of people claiming unemployment benefits in the UK fell for the 14th consecutive month in November by 11,100, helping to bring the claimant count rate down to a 32-year low of 2.5 percent. However, average earnings actually slowed to 4.0 percent, suggesting that tighter labor markets aren’t necessarily driving wages higher, which should lend the BOE a more dovish bias. Discuss the topic in the DailyFX GBP/USD Forum.
• [I]Why Borrowers May Not Benefit From Rate Cut /I – Wall Street Journal
• [I]US And China Bicker Over Currencies[/I] (link) – Financial Times
• [I]Japan’s Wholesale Inflation Accelerates as Oil Surges /I – Bloomberg
• [I]UK Unemployment Drops to the Lowest Since 1975 /I – Bloomberg
• [I] UK Home Affordability Hits 15-year Low /I – Wall Street Journal
