December 29th, 2011
Important Financial Indicators of the day Forecast Previous
USD 13:30 (GMT) Unemployment Claims 372k 364k
USD 15:00 ( GMT) Pending Home Sales 1.7% 10.4%
USD 16:00 ( GMT) Crude Oil Inventories -2.9M -10.6M
Currencies EUR/USD The euro dropped against most major peers after the ECB said yesterday its balance sheet soared to a record after last week’s lending to banks in the region. The shared currency bought $1.2929 from $1.2941, after falling to as low as $1.2888, the weakest since Jan. 10.
USD/CAD The Canadian dollar fell as stocks dropped after the European Central Bank’s balance sheet soared to a record on lending to the region’s banks, adding to concern fiscal turmoil will slow growth. The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, dropped 0.6 percent to C$1.0244 per U.S. dollar at 5 p.m. Toronto time.
AUD/USD The Australian dollar traded 0.1 percent from a one-week low against the greenback as concern increased that Europe’s debt crisis may deepen, damping demand for higher-yielding assets. The Australian dollar traded at $1.0086 at 10:40 a.m. in Sydney from $1.0094 yesterday in New York, when it touched $1.0071, the lowest since Dec. 22