Daily Economic Roundup – February 15, 2011

What’s on the Economic Horizon
U.K. CPI to Overshoot Expectations and BOE Target Range?
Japan’s Tertiary Industry Index to Post 0.5% Decline
Euro Zone GDP Reports on Tap
U.S. Retail Sales Figures Due Today

United States

Without any economic report on tap, the dollar grooved to the beat of its counterparts in yesterday’s trading. It was able to move its currency-hips like yeah against the euro when EUR/USD fell more than a hundred pips from its intraday high to 1.3428, before closing the day at 1.3487. More…

Euro Zone

Tic-tac-toe, that’s three in a row! The euro recorded its third consecutive drop against the dollar amidst a decline in industrial production and renewed sovereign debt fears. EUR/USD slipped 21 pips to 1.3488 while EUR/JPY dropped 46 pips and finished at 112.32. More…

United Kingdom

Pound pairs took a breather from their recent declines as GBP/USD fought to stay above the 1.6000 handle while GBP/JPY managed to find support around 133.30. Well, the U.K. was report-free yesterday so let’s see how it’ll fare today. More…

Japan

Yen pairs’ performance was as mixed as the reactions to the Grammy winners. The yen strengthened against the euro, ranged against the Greenback, and weakened against the pound yesterday. How will it behave today? More…

Canada

After 24 hours of trading, the Loonie ended up unchanged against the Greenback! Neither currency gave way as USD/CAD was eventually able to recoup the losses it incurred early in the day. When all was said and done, the pair closed at .9884, unchanged from its opening price. More…

Australia

Just when the Aussie thought it was in for another trip to the bear lair, tugsh! AUD/USD found support at its opening price of 1.0008. Wheew! It then traded higher all the way to its closing price of 1.0035. Now that was a close one! More…

New Zealand

Who wants Kiwis? No one?! Hmm… It seems the release of New Zealand’s latest retail sales figures early in the day was enough to keep buyers at bay! After seeing the disappointing numbers, I wasn’t surprised to see that NZD/USD dropped 32 pips to .7573. More…

Switzerland

The Swissy was lookin’ fly during yesterday’s trading despite the lack of economic reports from Switzerland. USD/CHF swan-dived to its closing price of .9699 as soon as it opened at .9748 while EUR/CHF ended the day 88 pips lower at 1.3083. More…

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