[U][B]Fundamental Headlines[/B][/U]
• [B]USDJPY [/B]– The Japanese economy expanded at a slower-than-expected pace in Q3, as business investment and domestic demand remained tepid. Annualized GDP was revised down to 1.5 percent from 2.6 percent. Discuss the potential impact on the Japanese yen in the DailyFX USD/JPY Forum.
• [B]AUDUSD [/B]– The AiG Performance of Construction Index eased back to 53.2 in November from 57.4, as more restrictive lending rates slow growth in the housing sector.
• [B]EURUSD [/B]– German industrial production fell 0.3 percent in October, suggesting that the Euro-zone’s largest economy may lead expansion to slow in 2008. However, this was slightly better than expected as output of investment goods – like machinery – rose. Will the German engine keep the Euro-zone economy humming? Discuss the topic in the DailyFX EUR/USD Forum.
• [B]USDCAD [/B]– The Canadian economy unexpectedly added 42.6K workers in November on gains in the services sector, though the unemployment rate rose to 5.9 percent. Discuss the Loonie’s reaction in the DailyFX USD/CAD Forum.
• [I]Battle Lines Form Over US Mortgage Plan[/I] (link) – Wall Street Journal
• [I]Japan Economy Grew Slower Than Initially Reported /I – Bloomberg
• [I]BOE Effort to Combat Slowdown May Instead Spur Faster Inflation[/I] (link) – Bloomberg
• [I]UK Rate Cut Opens Up Gulf With ECB[/I] (link) – Financial Times
• [I]How Hot Land Sales Offset A Housing Glut in Phoenix /I – Wall Street Journal
