Remarkable year for FX drawing to a close with spectacular EURUSD fireworks. Wild swings may be set to continue this week due to thin holiday trading.

Monday, December 22, 2008

Auto bailout package news on Friday boosts CAD again and keeps JPY rally attempt relatively contained for now, but for how long?


  • New Zealand Q3 Current Account Balance out at -5.994B vs. -6.0B expected.
  • Japan Nov. Adjusted Merchandise Trade Balance out at -¥368B vs. -¥218B expected
  • Australia Nov. New Motor Vehicle Sales fell -17.8% YoY vs. -10.7% in Oct.
  • New Zealand Q4 Westpac Consumer Confidence fell to 101.3 vs. 104.8 in Oct.
  • China Q4 Wholesale Prices fell -0.4%
  • Japan Nov. Supermarket Sales rose 0.6% YoY
  • Germany Nov. Import Price Index out at -1.3% YoY vs. -0.2% expected


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