The U.S. Dollar is not likely to increase in value anytime soon. The rest of the world seems to be taking note that the U.S. currency is nowhere near what it once was. In today’s session, the U.S. Dollar made new lows against the Euro, and lost early morning gains against the Yen. These losses were at least partially due to a lower than expected number reported for building permits. While the Dollar made new lows, the Euro made new highs, with the December Euro futures reaching a high of nearly 1.50, and appears to be continuing on this level. The increased pessimism from the Fed shown in their now quarterly FOMC minutes helped the Euro continue its rise.

Canada’s Loonie had a shaky day. Inflation news from Canada showed a 2.4 percent increase for the month of October, leading investors to believe a rate cut was imminent. After the release of this news, the Loonie lost early morning gains.

Ahead of this afternoon’s FOMC Minutes, several reports were released. First, ICSC Weekly Chain store sales came out up 0.8 percent for the week ending November 17th. Housing starts were also reported higher than expected at 1.229 million, above the 1.17 million expected and above the previous 1.226 million. Building permits were lower than predicted at 1.178 million, while expected to be 1.2 million. And finally, Johnson Redbook retail sales completed the announcements today, and were bearish with a 0.3 percent increase in the first two weeks of November as opposed to the first two weeks of October.

At 1 PM EST, the FOMC released minutes from its October 31st meeting. According to the minutes, the Fed is concerned with slow economic growth, the continually falling U.S. Dollar, and inflation. These risks led the Fed to make their most recent rate cut, though according to the report it was a close call. The overall sentiment was cautious and concerned when it comes to the U.S. economy.

This report may include information garnered from the following sources: CBOT, Bloomberg, Reuters, Interactive Investor, Cattle Network, Earth Times, AgReport, Aol Money, CNN Money, Market Watch, The Forex Market, Yahoo Finance, FXsol, Financial Times, iWon, Report on Business, Crain’s, Dow Jones Newswire, Nasdaq News, INO News, The Hightower Report.

DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency and investors may lose all or more than their original investments, and the impact of such events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. In no event should the content of this correspondence be construed as an express or implied promise or guarantee from Brewer Investment Group, LLC or its subsidiaries and affiliates that you will profit or that losses can or will be limited in any manner whatsoever. Loss-limiting strategies such as stop loss orders may not be effective because market conditions may make it impossible to execute such orders. Past results are no indication of future performance. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed.