USD
The dollar weakened yesterday. EUR/USD rose to 1.3250, and GBP/USD rose to 1.9650. Nov Chicago PMI fell from 57.0 to 49.4, below the market expectation of 55.0, the lowest level since 2003 April. The PMI data was below 50 which indicated that the manufacturing industry was diminishing. Later the Oct retail sales revised down from -0.2% to -0.4% which showed that the US economy was slowing and pressured the dollar. Investor should aware of today's construction spending and ISM index.

EUR
EUR/USD rose to 1.3250 level due to the soft US economic data. EU Nov HICP index rose 1.8% at the annual rate, the 3 straight months below the ECB's 2% inflation target. 10yr European government bond yield fell to 4.69% and the flattening yield curve implied that the market believed the long term inflation expectation can be contained at the current interest rate level. EU Q3 GDP revised up from 2.6% to 2.7% at the annual, but still below the Q1 2.8%. Overall the EU economy continued to show the strength and benefited to the Euro. EUR/CAD rose to 1.51, and EUR/JPY also rose to 153 level which supported the Euro. Technically, EUR/USD support is at 1.3210 and 1.3180. The resistance is at 1.3330.

GBP
The Pound maintained the strength yesterday and rose to 1.9698. Nov Nationwide house price index rose from 8% to 9.6% which continued show the solid gain for the UK house price. I believe that BoE would be likely to raise rate next year Q1 and supports the GBP. GBP/CAD rose sharply to 2.24 and GBP/JPY also rose to 227 level. Technically, a GBP/USD short term support move up to 1.9550 and the resistance is at 1.9750.

CAD
The CAD weakened yesterday and USD/CAD rose to 1.1430. Canada Q3 GDP fell 0.3% and rose only 1.7% at the annual rate. The residential construction fell 2 straight months from -4.8% to -8.2% in Q3. Manufacturing sector also fell 2.1% in Q3. The data continued to show that Canada economy is slowing down and the interest rate should hit the peak already. The short term support is at 1.1390 and resistance is at 1.1520.