Daily Forex Fundamentals – September 5, 2012

What’s on the Economic Horizon
Australian Q2 GDP at 0.6%
BOC to keep rates on hold at 1.00%
Swiss CPI due today

U.S. Dollar (USD)

Are risk aversion and the Greenback best friends again? It looks like the U.S. dollar was able to benefit from the risk off environment yesterday as it ended higher against most of its major counterparts. Check out the latest U.S. data to see how it all panned out! Read more…

Euro (EUR)

It seems few traders were willing to hold on to euros with the big ECB rate decision now just a day away. As a result, EUR/USD erased its gains from Monday, ending the day 29 pips lower at 1.2564. Read more…

British Pound (GBP)

The pound’s price action was as mixed as the colors of Cyclopip’s jerseys as the U.K.’s economic data got tangled with risk sentiment. Cable dropped by 15 pips while Guppy inched 12 pips higher than its open price. Here’s what happened. Read more…

Japanese Yen (JPY)

The yen sure loves to mix it up, doesn’t it? The Japanese currency was able to end the day higher against the euro and Aussie but it chalked up some losses against the U.S. dollar, pound, and Loonie. Will it find a clearer direction today? Read more…

Canadian Dollar (CAD)

Looks like someone’s not ready to end his vacation! USD/CAD was still a dead market yesterday even though Canadian and U.S. bankers had returned from a three-day weekend. After a bit of sideways action that saw the pair trade within a 25-pip range, USD/CAD settled at .9858, just 1 pip below its opening price. Read more…

Australian Dollar (AUD)

Talk about going down under! The Aussie chalked up another losing day against the Greenback and the yen as AUD/USD closed at 1.0224 while AUD/JPY ended the day at 80.10. What caused the Aussie selloff yesterday? Read more…

New Zealand Dollar (NZD)

What a coup by the Kiwi bears! Despite the release of a strong New Zealand data, NZD/USD fell for the second day in a row. It registered a 36-pip drop to .7938 after hitting an intraday high at .7998. What gives? Read more…

Swiss Franc (CHF)

Thanks to a weaker-than-expected Swiss GDP reading, the franc gave up its gains against its counterparts. For example, USD/CHF jumped by 25 pips and capped the day at .9561 after hitting an intraday low at .9509. Read more…

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

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