USD
The dollar weakened across the board yesterday. EUR/USD rose to 1.32 and the GBP/USD rose to 1.95 level. Oct Durable good orders fell 8.3% which was far below the Sept's 8.7% growth, the largest drop since 2000. Later the Existing home sales printed at 6.24M and rose 0.5% from the previous month. However, the existing home sales price fell 3.5% at the annual rate which showed that the housing market was cooling. Seller needed to lower the price to attract buyers. In addition, Nov Consumer confidence index fell from 105.4 to 102.9. The soft economic data weakened the dollar and the market believed that next year Q1 the fed would be likely to cut rate. Investors should aware of today's Q3 GDP and New home sales data.

EUR
EUR/USD rose to 1.32 level due to the soft US economic data. Yesterday EU Oct M4 Money supply growth rose 8.5% at the annual rate. Although the data was below the market expectation of 8.8%, it was still far higher than the ECB's 4.5% inflation target. The market expected that the inflation had upside risk and ECB might need to continue to raise rate. The fund flowing is still favouring the European currencies. EUR/CAD rose to 1.4930, EUR/JPY rose to 153.40, and EUR/AUD rose to 1.6850 which supported the Euro. Technically, EUR/USD support is at 1.3170 in the short term and expects the resistance will be at 1.3330.

JPY
Yen weakened yesterday. Most major currencies against the dollar continue to rise but USD/JPY rose back to 116.40 level. Oct Retail sales fell 0.2% but at the annual rate rose 0.1%. The data did not affect the Yen much. Later the speech from the BoJ governor Fukui confused the market further about the rate hike schedule. EUR/JPY rose to record high and GBP/JPY rose to 227 level which pressured the Yen. Technically, USD/JPY consolidated between 116.50

CAD
CAD weakened yesterday and the USD/CAD stood still above the 1.1300 level. Due to the dim interest rate outlook, most major currencies against the CAD continue to rise. EUR/CAD rose to 1.4920, GBP/CAD rose to 2.2060, and AUD/CAD rose to 0.8860 which was bearish to the CAD. Investors should aware of today's current account balance report and the commodity price index which might further weaken the CAD. The support for the USD/CAD is at 1.1280 and resistance is at 1.1420.