Daily Forex Fundamentals – June 10, 2013

What’s on the Economic Horizon

Dollar Recovers on Positive NFP
Canada Posts Record Employment Numbers
Swiss Retail Sales on Tap

U.S. Dollar (USD)

Boom, baby! There’s nothing like better-than-expected jobs data to get the dollar hustlin’! Last Friday, the currency staged a rally against most of its major counterparts. The question is, will it carry on today? Read more…

Euro (EUR)

Ha! Who’s the loser now? Except against the dollar, the euro posted gains against most of its counterparts last Friday. EUR/USD might be 26 pips lower, but EUR/GBP inched 9 pips higher while EUR/CHF climbed by 57 pips. What the heck spurred the bulls on? Read more…

British Pound (GBP)

With the dollar making a late comeback, GBP/USD found itself giving back some of its gains from earlier in the week. GBP/USD dropped 48 pips to finish at 1.5555, but still closed over 300 pips above its weekly open price. Read more…

Japanese Yen (JPY)

Uh-oh! It looks like the yen has lost its zen. After posting spectacular rallies against its counterparts during the earlier parts of the week, the Asian currency finally gave up ground on Friday. USD/JPY finished higher at 97.04 from 96.62 while EUR/JPY was up at 128.79 from 128.53 by the end of the New York session. Read more…

Canadian Dollar (CAD)

Canada’s employment numbers might not have completely stolen the U.S. NFP’s thunder last Friday, but it sure gave a good fight! Thanks to a notable improvement in the report, USD/CAD plummeted by another 62 pips to 1.0198. Read more…

Australian Dollar (AUD)

Just when you thought the Aussie was on its way up the charts after posting a win on Thursday, it drops like a rock! AUD/USD finished Friday’s trading in the red, closing 100 pips lower from its opening price at .9501. Read more…

New Zealand Dollar (NZD)

Continuing the trend throughout the week of alternating green and red days, NZD/USD finished the week on a sour note, as it dropped a solid 144 pips to end the week at .7893. Can the Kiwi bounce back today? Read more…

Swiss Franc (CHF)

The franc bulls just couldn’t pull off the hat trick! With dollar strength dominating the market place, USD/CHF edged higher to end the week, as the pair ended trading at .9362, up 62 pips for the day. Read more…

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