[U][B]Fundamental Headlines[/B][/U]
• [B]USDJPY [/B]– As was widely expected, the Bank of Japan unanimously decided to leave rates steady at 0.50 percent, as they lowered their assessment of the economy and forecasted that growth will “slow for the time being.” Join other traders and the DailyFX analysts in discussing the Japanese Yen on the DailyFX USD/JPY Forum.
• [B]USDCHF [/B]– SECO revised their 2007 GDP forecast for Switzerland to 2.8 percent from 2.6 percent in October. Unsurprisingly, exports pushed the revision higher as the trade surplus widened to a record of 1.89 billions francs in November. Employment conditions also helped propel the GDP outlook higher as labor markets remain tight.
• [B]EURUSD [/B]– German consumer confidence held surprisingly strong at the end of the year, as GfK’s index for January rose to 4.5 from an upwardly revised 4.4. A breakdown of the index for December isn’t quite as rosy, as the economic outlook and income expectations deteriorated further as they’ve done throughout the year. Do you follow the Euro daily? Visit the Euro Currency Room for resources dedicated specifically to the Euro.
• [I] Fed Auction Draws Strong Interest[/I] (link) – The Wall Street Journal
• [I]China Raises Rates Again In Inflation Fight /I – Financial Times
• [I]BOJ Cuts View of Economy After Keeping Rate at 0.5%[/I] (link) – Bloomberg
• [I]Trichet May Be Forced to Drop Focus on Inflation[/I] (link) – Bloomberg
• [I]UK Economy Grows Faster Than Forecast on Spending[/I] (link) – Bloomberg
• [I] Wanted: SWFs’ Money Sans Politics[/I] (link) – The Wall Street Journal
