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Research
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Forex - Currency reports and news
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Wednesday,
21 November 2007,
04:30 GMT
GCI Forex Research
by FX Research Desk
Daily Recap and a day ahead
Daily Recap
EUR/USD at new lifetime high; 1.50 figure in sight
USD given on fresh rumours of Gulf states reducing greenback exposure
Liebscher: hawish; Juncker: “deplore” fast moves; Quaden: weakness on way
Brief reprieve for U.S. housing: Oct housing starts up 3.0%
Fed funds futures eye 59% change of -50bps move in Dec
EU looking for concessions from China at next week’s trade summit
CBI industrial trends better-than-expected: enough to prevent Dec easing?
Canadian Oct core CPI up 0.2% m/m and 1.8% y/y: end of tightening cycle?
Fed: Oct cut a “close call”; Fed pares sees 2008 1.8%-2.5%; core PCE 1.
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