Daily Economic Roundup – January 19, 2011

What’s on the Economic Horizon
ECOFIN Meetings End with No Decision
U.S. Housing Data Due Today
New Zealand CPI Up by 2.3% in Q4 2010?

United States

You win some, you lose some. But unfortunately for the Greenback, yesterday was mostly about the latter! Except versus the Loonie and the Kiwi, it traded lower against all of its counterparts, with EUR/USD rising almost 100 pips to close at 1.3383. More…

Euro Zone

Even though the euro zone finance ministers decided to do nothing after their ECOFIN meeting, the euro was still able to squeeze some gains against its counterparts. EUR/USD reached a high of 1.3466 while EUR/JPY climbed to the 111.00 handle. More…

United Kingdom

There is just no stopping the pound! Its 61-pip win against the dollar yesterday marked its eight-day winning streak when it closed at 1.5946. Boo yeah! Against the yen, it tapped its 5-week high at 132.52 before ending the day at 131.77. More…

Japan

After hitting a high of 82.33 against the dollar, the yen slipped and closed the day with only an 8-pip gain at 82.64, while EUR/JPY ended the day 70 pips higher at 110.60. Yo yen, what happened to your swagger? More…

Canada

The BOC’s decision to hold interest rates at 1.00% didn’t sit well with Loonie traders, who quickly sold off the currency in response. As a result, the Loonie was one of the weakest currencies yesterday, as shown by the 56-pip rally in USD/CAD that ended at .9929. More…

Australia

Just like Australian Open lone star Andy Murray, the Aussie was the only one among the comdolls to rally against the dollar in yesterday’s trading as AUD/USD ended the day 41 pips higher at .9977. More…

New Zealand

Boo hoo! The Kiwi was the only currency that ended lower against the Greenback yesterday. NZD/USD opened at .7722, reached a high of .7742, but closed at .7705. That’s probably because the Kiwi wasn’t able to draw support from fundamentals since its economic calendar is empty… but all that could change today. More…

Switzerland

It seems like the Swissy has been taking lessons from Forex Ninja… It was stealthy as heck yesterday! Despite a very quiet day from Switzerland, it managed to creep higher against its American counterpart. USD/CHF reached an intraday low of .9552 before it finished at .9638 to record a 15-pip slide. More…