Daily Economic Roundup – December 15, 2010

What’s on the Economic Horizon
Japan’s Tankan Index Drops to 5
U.K.’s Claimant Count Data Due Today
U.S. Inflation Report To Post Upside Surprise?

United States

My my, it looks like fundamentals are in the US dollar’s favor! Yesterday, the dollar was able to pocket some gains from its major counterparts as strong economic figures from the U.S. were released. Will today’s set of economic reports spark another dollar rally? More…

Euro Zone

Uh-oh, is euro in trouble? After it wowed the market during Monday’s trading, EUR/USD dropped like it was hot yesterday from an intraday high of 1.3499 to its closing price of 1.3380. Ouch! What’s the deal yo? More…

United Kingdom

“O na na, what’s my name?” The pound danced to my gal Rihanna’s tune as traders ditched then forgot all about the Sterling on disappointing economic figures in the U.K. GBP/USD plunged by 76 pips against the Greenback, and ended the day with a 17-pip loss against the yen. More…

Japan

Strike two! The yen lost against the euro for a second day yesterday when positive economic reports were released in the U.S. EUR/JPY climbed by 30 pips at 112.03, while USD/JPY closed 29 pips higher than its open price after dropping to an intraday low of 82.84. More…

Canada

Despite mixed economic reports, the Loonie was still able to bag pips from the dollar in yesterday’s trading. Bears pounced on USD/CAD during the New York session, making the comdoll feel so fly to end the day with an 11-pip win at 1.0066. More…

Australia

The Aussie went all ninja yesterday when it sneaked on the Greenback despite the red figures in Australia’s economic reports. AUD/USD soared to an intraday high of 1.0029 before it leveled off with a 36-pip gain at .9985. More…

New Zealand

Mirror mirror on the wall, who’s the weakest comdoll of them all? With a 34-pip loss during yesterday’s trading, I bet your creepy, talking mirror will say that it’s the Kiwi. NZD/USD tumbled to its closing price at .7517 after it rallied to an intraday high of .7576. More…

Switzerland

Despite strong economic data from the U.S., the Swiss franc was able to outwit, outplay, and outlast the U.S. dollar in yesterday’s trading. USD/CHF fell from the .9700 area and hit a low of .9598 before closing at .9613. More…