Fundamental Headlines
• NZDUSD - Retail sales rise 0.2 percent, half the increase expected, as record high lending rates begin to cool spending habits. • USDJPY - According to the Domestic CGPI numbers for September, wholesale inflation cooled for a third month to a 1.7 percent year-over-year pace. • USDJPY - Japanese consumer confidence survey fails to improve as economists forecasted. A 44.1 reading matches August’s three year low, keeping spending forecasts and expectations for another BoJ rate hike muted. • EURUSD - Front line, consumer level inflation cooled accelerated from a 1.2 annual percent to 1.5 percent in September, though its contributions to the ECB rate forecast will likely be limited. • EURUSD - Industrial production in the Euro Zone jumped 1.2 percent in August, both well above expectations and the biggest monthly increase this year, led by a 3.8 percent rise in durable consumer goods. • China Banking Chief Seen Moving On...and Up? - Wall Street Journal • China's trade surplus surges 65% through Sep. - Shaghai Daily • Government Monitoring Effect of Higher Food Prices on Consumers, Ota Says - Bloomberg • Bush reiterates belief in "strong dollar policy" - Reuters.uk • Weber Says ECB May Need to Raise Rates to `Restrictive' Level - Bloomberg • GE's Profit Increases 7.1% on Higher Overseas Sales - Bloomberg