| GBP/USD: Trading the Change in U.K. Public Sector Borrowing (Daily FX) The British pound is likely to face increased selling pressures over the next 24 hours of trading as economists forecast public sector borrowing to increase GBP17.6B in August, and the slump in tax revenues paired with the rise in jobless claims are likely to weigh on the economic outlook as Standard and Poor?s see a risk for Europe?s second largest economy to lose its AAA credit rating. us.rd.yahoo.com |
British Pound Outlook is Shaky Ahead of UK Q3 GDP, BOE Meeting Minutes (Daily FX) The British pound may face the most event risk compared to the rest of the majors, as the minutes from the Bank of England?s October meeting along with Q3 GDP results for the UK have the impact to stoke heavy volatility in the currency. us.rd.yahoo.com |
Euro-Zone CPI Advances for the First Time in 7 Months; U.K. Mortgage Approvals leapt 57.3K (Daily FX) The Euro-Zone CPI estimate for November climbed 0.6% from a year ago to mark its first advance in 7 months and topped economists’ expectations for a 0.4% rise after falling 0.1% the month prior, the European Union of Statistics office in Luxembourg reported said today. us.rd.yahoo.com |
New Zealand Dollar Benefits From Risk Appetite, Japanese Yen Loses Ground (Daily FX) The New Zealand dollar pushed to a high of 0.7095 on Monday as investors raised their appetite for risk, while the Japanese Yen failed to hold ground against the greenback and halted its three-day rally, with the exchange rate rising to a high of 91.77. us.rd.yahoo.com |
Dollar mixed against other currencies (CNNMoney.com) The dollar rose against other major currencies Tuesday, except the yen, as global economic jitters boosted demand for safe-haven currencies even as U.S. stocks rebounded. us.rd.yahoo.com |