[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Private capital expenditures in the third quarter fell 6.5 percent – the sharpest decline in nearly eight years – as businesses invest less amidst higher borrowing costs.
• USDJPY – Japanese industrial production rose 1.6 percent to a record in October to meet demand from China and Europe. However, the data also highlights how critical exports are to economic growth as consumption remains soft.
• [B]EURUSD [/B]– The number of people in Germany claiming unemployment plummeted by 53,000 in November - the sharpest drop in 8 months - bringing the unemployment rate down to 8.6 percent, the lowest since April 1993. However, EZ retail PMI fell for a third month to 45.9, signaling pessimism in the sector.
• [B]GBPUSD [/B]– UK mortgage approvals unexpectedly fell to 88K in October from 95K the month prior as tight monetary policy by the BOE quells demand for housing. Meanwhile, the BOE’s Blanchflower made clear his intent to vote for a decrease again in December as he said that rates should “come down now so we get ahead of the curve.”
• [I] E*Trade Gets Help From Citadel[/I] (link) – Wall Street Journal
• [I]Oil Prices Surge on Pipeline Fire; Two Workers Killed in Minnesota[/I] (link) – Wall Street Journal
• [I]Japan Factory Output Rises to Record on Export Demand[/I] (link) – Bloomberg
• [I]Europe Retail Sales Drop for Second Month in November[/I] (link) – Bloomberg
• [I] German Unemployment Falls to 12-year Low /I – Financial Times
• [I] Libor for Dollars, Euros Soars as Banks Seek Year-End Funding[/I] (link) – Bloomberg
• [I]BOE to Inject £10bn into Jittery Money Markets[/I] (link) – Financial Times
