Daily Economic Roundup – August 30, 2010

What’s on the Economic Horizon

US PCE: Inflation Remains Subdued?
Australian GDP Due This Week
New Zealand Business Confidence to Improve in August

United States

We got a relatively quiet trading day to end last week’s snoozefest, as most pairs stayed within range. EURUSD and GBPUSD traded within ranges of about 100 pips, and finished just a few pips from their opening prices for the day. More…

Euro zone

Is EURUSD gearing up for a comeback? Judging from that slow but steady rise since Wednesday last week, it sure looks like it! Oh, and check it out: The pair gapped up over the weekend, from Friday’s close of 1.2734 to a week open price of 1.2761. More…

United Kingdom

GBPUSD traded lower to its intraday low of 1.5443 after opening at 1.5533. Good thing the pound was able to pull off a Sylpipster Stalone during the New York session, firing BULLets (get it? haha) and punching pips out of the dollar to close the week at 1.5514. More…

Japan

Unlike T.I. who has Keri Hilson to back him up, the yen didn’t have anything or anyone last Friday as risk aversion seemed to have been on the down low and policymakers continued their jawboning. USDJPY closed higher at 85.36 giving the yen a 94-pip loss. Boo hoo! More…

Canada

The Loonie got some investor lovin’ last Friday as it gained 42-pips against the dollar. But posting its second consecutive win wasn’t as easy as pie. USDCAD hit an intraday high of 1.0649 before it closed at 1.0524. Whew! I guess it got lucky when currency traders found more flaws on the dollar than they did on it. More…

Australia

Surf’s up, dudes! Thanks to the US dollar selloff, the Aussie cruised higher last Friday and even gapped higher over the weekend. Will it be able to keep its head above the .9000 handle? More…

New Zealand

Fly, Kiwi, fly! NZDUSD soared past the .7100 handle when the Greenback sold off last Friday. The pair even gapped higher over the weekend as it opened at .7144. It looks like Kiwi bulls are excited! More…

Switzerland

Too much too soon eh? The Swiss franc ran all out of luck on Friday, as it got walloped by the dollar . USDCHF closed almost 70 pips higher to finish just a hair below the 1.0300 handle. Meanwhile, EURCHF traded within a super tight range of just 40 pips to finish at 1.3132. More…