[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Retail sales growth in Australia slowed to 0.2 percent in October as higher energy prices and borrowing costs deter spending. The data supports the market’s expectations that the RBA will leave rates unchanged this week.
• [B]GBPUSD [/B]– UK construction PMI reflected some slowing in the sector during November, as the index fell more than expected to 54.3 as construction activity, new orders, and employment all improved, but at a more tepid pace.
• [B]EURUSD [/B]– Producer prices in the Euro-zone jumped 3.3 percent from last year – the fastest pace in nearly a year – as food costs accelerated the most in fifteen years while energy prices posted strong gains as well. With inflation pressures remaining strong, there is little doubt the ECB will remain hawkish when they meet on Thursday, though they are not expected to raise rates.
• [I]Paulson Urges Congress To Act on Loan Woes /I – Wall Street Journal
• [I]Some Cry Foul Over Relief Plan For US Borrowers[/I] (link)– Wall Street Journal
• [I]Japan’s PM Fukuda to Soften Oil-Price Blow on Companies, Consumers /I – Bloomberg
• [I]Risk Aversion Lifts Yen ([/I][link)](javascript:void(0);/1196772122270/)– Financial Times
• [I]Australian Retail Sales Growth Slows to 0.2% on Rates /I – Bloomberg
• [I]European Economy Suffering From Subprime Fallout, Officials Say /I – Bloomberg
• [I]UK Treasury Considers ‘Nuke’ Alternative For Northern Rock /I – Financial Times
