FOREX News: G-7 from all angles


Fundamental Headlines
• AUDUSD - On the back of a disappointing import inflation report, the producer price index accelerates to a 2.4 percent annual clip through the third quarter through favorable pricing in construction and utilities. The rebound from a three year low 2.3 percent rate of inflation from the previous period sets up stronger expectations for CPI.
• USDJPY - Japanese supermarket sales cool 1.0 percent in the year through September as all sectors reported declines, and a 18.1 perecnt drop in service and 11.9 percent in clothing consumption standing out as notables.
• USDJPY - Convenience store sales report rises 0.1 percent - the positive reading in 15 months - though consumer spending component of gauge actually falls for yet another month.
IMF Puts Off Big Questions On Voting Shares, Funding (link) - Wall Street Journal
Tokyo stocks touch 4-wk low as Wall St, dollar fall (link) - Reuters.uk
G7 silence on dollar an invitation to sell (link) - Reuters.India
IMF MEETING Trichet says no need for ‘heavy-handed regulation’ after mkt turmoil (link) - Forbes
IMF MEETING UK’s Darling expects global economy to continue to slow through 2008 (link) - Forbes
U.K. Executives to Urge Darling to Drop New Capital Gains Tax (link) - Bloomberg
Oil Falls as Credit-Market Rout May Slow Growth, Reduce Demand (link) - Bloomberg