[B][U]Fundamental Headlines[/U][/B]
• [B]USDJPY[/B] - The unemployment rate rose for the second consecutive in September. A bigger-than-expected increase brought the jobless guage to 4.0 percent, following the jump from 3.6 to 3.8 percent in August.
• [B]USDJPY[/B] - Overall spending among Japanese households doubled its pace of expansion through September. A 3.2 percent increase marks the fastest pick up in consumption habits since March of 2005.
•[B] NZDUSD[/B] - The money supply growth guage for the year through September accelerated to 9.4 percent, upending a 20-month low. Notable was the first monthly increase in M1 since April, a possible sign of a hawkish turn for RBNZ.
• [B]EURUSD[/B] - The number of unemployed in Germany fell by 40,000 in October, leading the jobless rate to slip to a 14-year low 8.7 percent – as expected. This will stand firmly in the ‘positives’ column for the ECB’s next rate decision.
• [B]USDCHF[/B] - Consumer spending rebounded from a seven month low after the UBS Consumption Indicator reported a 1.992 reading in September. Strong wages and hiring trends should keep spending on a firm foundation.
• Canada to unveil fiscal report, mum on tax cuts (link) - Reuters
• Lehman Brothers raises $3 billion leveraged loan fund (link) - MarketWatch
• Australian, N.Z. Dollars Fall on Prospect of Smaller Fed Cut (link) - Bloomberg
• India Raises Banks’ Reserve Limit to Slow Inflows (link) - Bloomberg
• Paulson says housing still not at bottom, strong dollar in US interest (link) - Forbes
• UBS Reports SF830 Million Loss on Debt Writedowns (link) - Bloomberg
• U.K. Pound Rises to 26-Year High Against Dollar on Rate Outlook (link) - Bloomberg
