Fundamental Headlines
· AUDUSD –The Australian trade deficit narrowed more than expected in November to A$2.254 billion on increased iron and copper exports, as the commodity-based economy benefits from a boom in raw material prices and strong foreign demand. For more resources dedicated to this currency please, visit the new Australian Dollar Currency Room.
· GBPUSD – The Bank of England left rates unchanged at 5.50 percent, as expected. Meanwhile, the UK trade deficit widened in November as the import balance was boosted by rocketing oil prices. Nevertheless, exports to the Euro-zone proved resilient as they rose 3.2 percent. Discuss this and other related subjects in the GBP/USD Forum.
· EURUSD –The European Central Bank is expected to leave rates steady at 7:45 EST. French industrial output figures fell in November amidst a drop in auto and food production, which may exacerbate concerns amongst French officials that a strong Euro is sapping the competitiveness of the economy. What do you think will happen to the EUR/USD? Join the discussion and voice your opinion on the DailyFX Forum.
Written by Terri Belkas, Currency Analyst, Forex Capital Markets LLC, DailyFX.com
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