Daily Economic Roundup – December 18, 2009

What’s on the Economic Horizon
Canadian Wholesale Sales to Print 0.4% Uptick
German PPI and Ifo Business Climate Survey to Improve?
BOJ to Expand Easing Measures?

United States

The dollar continued its winning ways yesterday, as it gained across the board. With this being the last day of the last full week of 2009, will traders take off some of their positions before heading out to finish their Christmas shopping? More…

Euro zone

The EURUSD tumbled down a couple of notches again in yesterday’s trading session. It is currently sitting around the 1.4350 region, a price level it hasn’t touched since September this year. More…

United Kingdom

The pound took a beating from the greenback and the yen yesterday due to a surprisingly weak November retail sales in the UK plus a slump in the US capitals markets. The cable fell to as low as 1.6080 before closing at 1.6162. Similarly, the guppy (GBPJPY) also slid to a low of 144.68 before closing at 145.39. More…

Japan

The JPY, in tandem with the USD, made a broad based rally against the other majors in yesterday’s trading. Both currencies benefited from a strong selling in the US capitals markets. More…

Canada

Unlike most of the major currencies, the loonie refused to bow down to the greenback yesterday. As Canada’s inflation data was slightly better than expected, the USDCAD was able to consolidate around the 1.0700 area. More…

Australia

Down, down, down… That’s pretty much where the Aussie’s been headed for the past 24 hours. Heck, it’s been tumbling down for almost an entire week already! With the lack of high-impact Australian economic reports, the Aussie gave way to US dollar strength in a jiffy. More…

New Zealand

The Kiwi experienced a nasty fall in yesterday’s trading session. The Kiwi fell more than 100 pips from its Asian session high, finding itself at 0.7100 at the end of the US trading session. More…

Switzerland

The Swissy melted like cheese on bread as the USD carried the heat in yesterday’s trading sessions! The USDCHF rose to as high as 1.0508 before closing at 1.0471. More…