[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– HIA new home sales data showed an 0.8 percent rise in the sale of homes during October, marking the slowest pace of growth in six months as tighter RBA monetary policy cools demand.
• [B]USDJPY [/B]– Japanese retail sales for October rose at a better-than-expected 0.3 percent from the month prior, pushing the annual rate up to 0.8 percent. Gas prices led the index higher, though auto sales also contributed to gains.
• [B]EURUSD [/B]– GfK German consumer confidence for December fell back in line with expectations to an index reading of 4.3. The decline is not entirely surprising given current outlooks, as the tightening of the credit markets and mounting inflation pressures quell growth prospects in 2008.
• [B]USDCHF [/B]– The KOF Swiss leading indicator fell modestly to 2.02 in November from an upwardly revised 2.04. Nevertheless, the index is still relatively strong and highlights the resilience of the Swiss economy.
• [I]Financial Firms, Capital Depleted, Hunt for Cash /I – Wall Street Journal
• [I]Maybe the Globe Isn’t Immune To Slowing U.S[/I]. (link) – Wall Street Journal
• [I]China Premier Rejects Currency as Key Trade[/I] Remedy (link) – Bloomberg
• [I]Japan’s Retail Sales Rise, Led by Autos, Gasoline /I – Bloomberg
• [I] Investor in Northern Rock Lifts Stake to Halt Virgin /I – Financial Times
• [I]Online Shoppers Boost U.S. Holiday Buying 21% to $733 Million[/I] (link) – Bloomberg
• [I]Inflation Fears Hit Eurozone[/I] (link) – Financial Times
