Investors have begun to price in the likelihood that the Reserve Bank of Australia will raise their own interest rates following the news that the annual rate of inflation has breached three per cent. The Australian dollar was therefore able to hit a six-week high against the greenback.

GBP
The sterling slipped against the dollar as the CBI employers' group revealed that manufacturing orders shrank at their fastest pace for almost a year in October.

USD
The housing market has continually worried policy makers, with even Federal Reserve officials speaking of a "correction" in the market that is actually cooling the economy and helping to cap inflation.

EUR
The European Trade Union Institute has called upon the ECB to freeze further interest rate rises until the eurozone economic recovery is well established. The ECB has raised interest rates five times since December 2005 and looks set to raise them again in December.

JPY
Japan's trade surplus unexpectedly rose in September as strong shipments to the United States and China continue to underpin a steady recovery in the world's second largest economy.