Daily Economic Roundup – August 26, 2010

What’s on the Economic Horizon
US Weekly Jobless Claims to Slide Below 500K
German Consumer Climate to Improve This Month
Swiss Q2 Employment Level On Tap

United States

Hang in there, ‘ol buddy! The dollar managed to end the day with mixed results despite printing weak economic data yesterday. The greenback lost against the pound and the franc, but managed to gain against the euro and the yen. EURUSD closed only 23 pips below its open price at 1.2650. Meanwhile, USDJPY soared by 54 pips to close at 84.71. More…

Euro Zone

You win some, you lose some! The euro emerged victorious in its battle against the yen yesterday. But versus the Greenback, it was forced to chalk up another loss. EURUSD started the day off with a big drop but gave a valiant effort to recover its losses during the Tokyo session. In the end, it was able to limit its losses to 23 pips and closed at 1.2650. More…

United Kingdom

Zip-a-dee-doo-dah, zip-a-dee-ay! My, oh my, what a wonderful day! If you were rooting for the pound, that is! Bulls must have been grinning from ear to ear after seeing the pound recoup some of its recent losses against the yen and the Greenback. After hitting an intraday low of 1.5389, GBPUSD rose to close at 1.5447, recording a modest 18-pip gain for the day. More…

Japan

“Gimme your lunch money and it better be in yen! Or else…” The Japanese officials once again became the pip-bullies when the yen weakened across the board on their comments of “taking appropriate action” on the yen’s rapid decline. USDJPY jumped back up by 54 pips from its open price at 84.71, while EURJPY scurried to a 107.15 close after opening 49 pips lower. More…

Canada

Despite another round of weak US economic figures, USDCAD was unable to bust through the resistance around 1.0660. CADJPY also put up a strong fight as it rallied from the 79.00 area and closed at 79.51. More…

Australia

Weeee! The Aussie rode the wild roller pip-coaster yesterday after risk appetite pushed the markets in several directions throughout the day. AUDUSD rose to an intraday high of .8895, and then dropped to an intraday low of .8771 before it closed at .8826. More…

New Zealand

Yesterday was just like a ride at a theme park! Kiwi bears screamed “Weeeeeeeee!” as they took NZDUSD for a 61-pip slide during yesterday’s trading sessions. More…

Switzerland

Woot woot! Another day of gains for the Swissy! Risk aversion and weak US economic data kept USDCHF heavy as it dipped to a low of 1.0248. Is it gearing up to make a new yearly low? More…

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