Daily Forex Fundamentals – August 21, 2013

What’s on the Economic Horizon

FOMC meeting minutes on tap
RBNZ Gov. Wheeler spark NZD sell-off
EUR/USD hits 6-month highs

U.S. Dollar (USD)

Without any economic data on tap, the dollar got bullied in yesterday’s trading. It gave up 23 pips to the yen, 83 pips to the euro, and 22 pips to the pound. Ouch! Read more…

Euro (EUR)

Six-month highs, baby! The euro kicked butt on the charts yesterday, tapping multi-month highs against the dollar and racking pips from the yen. EUR/USD soared up to 1.3453 before finishing the day with an 83-pip gain at 1.3422. Meanwhile, EUR/JPY was up 48 pips for the day at 130.51. Read more…

British Pound (GBP)

Higher and higher! There just seems to be no stopping traders from buying GBP/USD as the pair recorded another green candlestick to end the day. It traded as high as 1.5696 before settling at 1.5676, up 22 pips on the day. Read more…

Japanese Yen (JPY)

The yen’s scorecard was as mixed as a bag of nuts in yesterday’s trading. While it gained 23 pips from the dollar when USD/JPY closed at 97.24, it gave up 48 pips to the euro when EUR/JPY finished the day at 130.51. Read more…

Canadian Dollar (CAD)

Ouch! The Loonie fell from the sky as traders dumped the comdoll in favor of the Greenback. As a result, USD/CAD rose from its opening price of 1.0342 to end the day at 1.0389. Read more…

Australian Dollar (AUD)

Geronimooo! The Aussie took a dive on the charts yesterday, no thanks to the dovsih RBA meeting minutes. AUD/USD broke support at .9100 immediately after the release, dropping to an intraday low of .9027, before closing the day with a 29-pip loss at .9085. Read more…

New Zealand Dollar (NZD)

Sellers really got aggressive on NZD/USD yesterday! They took the pair another 81 pips lower, forcing it to finish just below the .8000 major psychological handle. What happened? Read more…

Swiss Franc (CHF)

There goes the .9200 handle! USD/CHF finally broke below the major support level as the Swissy overcame the dollar in yesterday’s tussle. The pair finished 68 pips lower and settled at .9172. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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