Daily Economic Roundup – December 21, 2010

What’s on the Economic Horizon

RBA Monetary Policy Minutes Released
BOJ Monetary Policy Statement Due
Canadian Retail Sales on Tap

United States

It was an unusually quiet day for the Greenback yesterday. With no U.S. reports to dictate direction, the Greenback didn’t know where to go! It dropped against the yen, Swissy, Aussie, and Kiwi, but rose against the euro, pound, and Loonie. It doesn’t get more mixed than that! More…

Euro zone

“Mayday, mayday, Mission 1.3100 accomplished,” said the bears as EUR/USD dropped to its 2-week low at 1.3096 before ending yesterday’s trading at 1.3126. More…

United Kingdom

With no major news being released, there was no catalyst to bust GBP/USD out of the 100 pip range it traded in yesterday. After seesawing up and down the charts throughout the day, at the end of the day, Cable ended up right where it started at 1.5510. More…

Japan

Yesterday was about as chill as it gets for the yen. With no hard-hitting releases, it cruised its way to victory against most of its counterparts. It gained 31 pips against the Greenback, while climbing 79 pips versus the euro. More…

Canada

Lonely was the Loonie yesterday as it became the only com-doll to lose against the dollar. Boo hoo! USD/CAD skyrocketed to an intraday high of 1.0209 before ending the day 35 pips higher at 1.0163. More…

Australia

Let’s give it up for the Aussie! It was one of the best performers yesterday as investors bought it up in anticipation of the RBA monetary policy minutes released earlier today. By the end of the day, AUD/USD had risen 66 pips while AUD/JPY had climbed 22 pips. More…

New Zealand

Taking cue from its comdoll sibling, the Kiwi rose up the charts and posted some decent gains against the dollar in spite of the tight trading we saw yesterday. NZD/USD finished 55 pips higher to finish trading at .7418. Could this set the tone for the rest of the shortened week? More…

Switzerland

Aha! It looks like Santa came early for the Swissy this year. It tapped a new all-time high against the euro at 1.2635 before finally ending the day with a 101-pip gain at 1.2666. It was also able to pare the loss it scored against the dollar on Friday when USD/CHF ended yesterday’s trading 47 pips lower at .9649. More…