Fundamental Headlines
• NZDUSD - New Zealand’s trade deficit unexpectedly narrowed in September for the smallest deficit in four months at NZ$544 million helped by the first acceleration in exports in five months.
• USDJPY - Retail sales grows 0.5 percent over the year ending in September despite a combination of typhoons and record heat eating into spending habits. Domestic consumption at this pace may fill in for waning US demand.
• AUDUSD - NAB Business Confidence survey marks its lowest level of optimism in a year with a reading of 9.0 on fears of cooling global growth, interest rates at multi-year highs and a currency at 26-year highs eating into profits.
• GBPUSD - Consumer credit in the UK surged to a 20-month high 1.35 billion pounds in September despite financial tumult spurred by credit market uncertainty and higher lending rates over the same period.
• China’s Yuan Rises Most Since Dollar Link Ended in July 2005 (link) - Bloomberg
• U.S.’ Paulson urges India against capital flow curbs (link) - Reuters.india
• India’s Sensex Exceeds 20,000 on Record Overseas Investment (link) - Bloomberg
• Hong Kong currency peg under pressure as investors pour money into booming stock market (link) - International Herald Tribune
• HK shares surge to peak with properties, BoCom (link) - Reuters.uk
• Dollar Falls to Record Low Against Euro on Bets Fed to Cut Rate (link) - Bloomberg
• U.K. Home Prices Decline for First Time in 2 Years (link) - Bloomberg
• Oil sets new record above $93 (link) - CNNMoney
