USD
The dollar weakened yesterday. EUR/USD rose to 1.3280 and GBP/USD rose to 1.9700 level. US Oct Trade balance narrowed from 64.3billion to 58.9billion, the largest drop since 2001. The data supported the dollar in the short term. Later on the FOMC announced the rate decision and maintained the fed funds rate unchanged. The after policy meeting statement was not hawkish enough and the Fed believed that the core inflation will moderate from time to time. Traders shorted the dollar again after the statement.

EUR
EUR/USD rose to 1.3280 level. Yesterday the Dec German ZEW index rose from -28.5 to -19.0, and EU ZEW rose from -11.0 to -3.0. The market expected that the ECB would be likely to raise rate next year Q1 and supported the Euro. According to the fund flowing, EUR/JPY rose to record high to 155 level and EUR/CAD rose to 1.53 which supported the Euro as well. Technically, EUR/USD support is at 1.3160 and resistance is at 1.3360.

GBP
The Pound rose to 1.97 level yesterday. UK Nov CPI rose 2.7% at the annual rate which showed that UK still has short term inflation risk. I have mentioned earlier that I did not agree BoE's view at the inflation report. I believed that the rising house price and high level of M4 money supply bring up the medium term inflation risk and BoE would be likely to raise rate next year Q1. GBP/JPY rose to 230 level, and GBP/CHF rose to 2.3650 which supported the Cable. Technically, GBP/USD still trade within the uptrend in the hourly chart and the support is at 1.9660.

CAD
CAD weakened substantially yesterday and the USD/CAD rose to 1.1550 level. Yesterday released the Oct trade surplus which narrowed from 3.97billion to 3.78billion and the export also fell 1.48% from the previous month. The data showed that the strong CAD 9 months ago and the rate hike from BoC hurts the export and the economy. EUR/CAD rose to 1.53, and GBP/CAD rose to 2.26 level which was bearish to the Loonies. Technically, USD/CAD still trade within the uptrend and the support is at 1.1400.