[U][B]Fundamental Headlines[/B][/U]
• [B]NZDUSD [/B]– The NZ Trade Deficit narrowed slightly to NZ$646 million, as dairy prices helped boost exports. However, strong domestic demand and high oil costs elevated the import figure to keep the deficit intact. For more resources dedicated to this currency please, visit the new New Zealand Dollar Currency Room.
• [B]USDCHF [/B]– The Swiss jobless rate (seasonally adjusted) held steady at a more than five-year low 2.6 percent, as strong Euro-zone demand for Swiss exports have led producers to boost output and hire additional workers. With these employment conditions remaining so tight, consumption spending should work in tandem with export demand to keep expansion in Switzerland on track. Visit the Swiss Franc Currency Room for resources dedicated to the Swissie.
• [B]EURUSD [/B]– PPI in the Euro-zone rose more than expected during the month of November at a rate of 0.8 percent, pushing the annual rate up to an 11-month high of 4.1 percent. The ECB is widely expected to leave rates steady on Thursday, but with CPI well above target at 3.1 percent and oil still dangerously close to $100/bbl, Trichet is unlikely to let up his staunchly hawkish bias. As a result, the sentiment creates additional upside risk for EURUSD this week. What do you think will happen to the EUR/USD? Join the discussion and voice your opinion on the DailyFX Forum.
• [I]More US Workers Cut to Part-Time Hours[/I] (link) – The Wall Street Journal
• [I]Japanese Stocks Decline on Increased US Recession Concern[/I] (link) – Bloomberg
• [I]UK Faces Dangerous Year, Says Brown[/I] (link)– Financial Times
• [I] Europe Confidence Falls to Lowest in Almost Two Years /I – Bloomberg
• [I] Economic Outlook: Rate Policymakers Face A Difficult Balancing Act /I – Financial Times
