[B]Click Link to Listen to our Morning DailyFX Radio PodCast:
[/B]http://media.dailyfx.com/podcasts/FXRadioAM020808.mp3
[U][B]Fundamental Headlines[/B][/U]
• [B]USDCHF [/B]– The Swiss CPI eased down 0.3% in the month of January, as the annual rate unexpectedly climbed to 2.4%, which is the highest in more than 14 years. This was the first time in over 12 years that it has climbed above the SNB’s tolerance level of 2.0%, fueled by higher oil and food costs. For more news and resources, visit the new Swiss Franc Currency Room.
• [B]EURUSD [/B]– The German Trade Balance surplus narrowed in December from 16.8 to 10.8 billion confirming speculation that Europe’s largest economy’s growth is slowing. German exports were weighed down by a strong Euro -making their products less competitive - and the slowing U.S. economy. German exporters may get some help form the ECB, which became more dovish in its tone after yesterday’s rate decision. Discuss the topic and your trade ideas in the EUR/USD Forum.
• [B]USDCAD [/B]– USD/CAD returned to parity as the Canadian labor markets bounced backin a big way in January, with the net employment change surging a greater-than-expected 46,400 after tumbling 18,700 in December. Meanwhile, the unemployment rate surprisingly fell to a 33-year low of 5.8 percent.
• Mounting Inflation Concerns Weigh on the Fed’s Next Move (link) – Wall Street Journal
• Congress Approves Economic-Stimulus Bill (link)– Wall Street Journal
• CIC Close to Fun Deal with JC Flowers (link) – Financial Times
• ECB Chief Opens Door to Rate Cuts (link) – Financial Times
• U.S. Recession Is Now an Even Bet as Spending Slows (link)– Bloomberg
• German Exports Unexpectedly Drop as Euro Hits Demand (link)– Bloomberg
