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EUR
The pair remains under pressure as more analysts predict the new year to be extremely challenging for the Eurozone. There is 99% probability that the single currency will not exist over the next 10 years, the CEBR expert reported. According to the CEBR forecast, the Britain economic growth will contract in the Q1 of 2012.
USD
Hiring in US probably advanced in December extending increase for a second straight month, said economists questioned by Bloomberg. According to median forecast, payrolls soared to 150 000 in December compared to 120 000 in November. Labor Department will issue data on January 6.
GBP
David Cameron today serves notice that the economy faces another tough – and possibly worse – year as he admits that Britain may only win a temporary respite from the crisis in the eurozone. As Angela Merkel and Nicolas Sarkozy warn of a bleak year ahead, the prime minister uses his new year message to declare that Britain can only secure "some protection" from the "debt storms".
CHF
The Swiss franc rose against a majority of its most-traded counterparts as Europe’s debt crisis spurred demand for safety.
JPY
Manufacturing expanded in India and China in December, indicating Asia’s fastest-growing major economies have so far withstood the fallout from Europe’s sovereign debt crisis.
“The figures from today show we’re absolutely not seeing a hard landing,” said Andreas Rees, an economist at UniCredit Markets & Investment Banking in Munich. “There’s no massive uncertainty shock around the globe that’s weighing heavily on investment activity.”
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