[B]Fundamental Headlines[/B]
• [B]AUDUSD [/B]– Business confidence in Australia faltered during November, as the NAB’s sentiment index fell to a reading of 6 from 9. The index has dropped throughout the latter part of the year as higher interest rates and instability in the financial markets have taken a toll.
• [B]EURUSD [/B]– The German ZEW survey was worse than expected, as the index of investor expectations plummeted to a nearly 15-year low of -37.2 in December. The deterioration is not entirely surprising given the persistant credit crunch, mounting inflation pressures, and the European Central Bank’s staunchly hawkish bias. However, will the German engine keep the Euro-zone economy humming? Discuss the topic in the DailyFX EUR/USD Forum.
• [B]GBPUSD [/B]– The UK trade deficit narrowed more than expected in October to 7.12 billion pounds, as exports grew 1.8 percent and imports eased 1.9 percent. Sales to non-EU countries accelerated 5.5 percent - suggesting that the British Pound’s appreciation against the greenback has done little to deter demand - while exports to the EU held close to the highest level since August 2006. Discuss the topic in the DailyFX GBP/USD Forum.
• [I]Economists Say US Recession Risk Is Climbing[/I] (link) – Wall Street Journal
• [I]Fed Likely To Consider Further Rate Cuts[/I] (link) – Financial Times
• [I]China Inflation Reaches 11-Year High, Trade Gap Grows[/I] (link) – Bloomberg
• [I]German Investor Confidence Drops to 15-Year Low /I – Bloomberg
• [I]UK Retailers Face Harsh Season /I – Wall Street Journal
