Daily Economic Roundup – December 11, 2009

What’s on the Economic Horizon

UK Producer Input Prices to Rise 0.6%
UoM Survey and US Retail Sales on the Radar

United States

The dollar traded in a mixed fashion against other major currencies on Thursday. The dollar generally lost against the commodity-based currencies (CAD, NZD, AUD) but managed to remain resilient against the European currencies (GBP, EUR, CHF) and bounced around the session highs and lows. More…

Euro zone

The fiber (EURUSD) closed flat in yesterday’s trading. For the most part of the day, the pair just moved between an 80-pip range. It opened and closed at 1.4731. More…

United Kingdom

The GBP stayed resilient against its counterparts, USD and JPY, as BOE officials agreed to stick with its 200 billion GBP asset purchase program. Many speculated that the central bank would expand its easing program but the BOE monetary policy committee deemed the current level of purchases appropriate. Whew! More…

Japan

The JPY’s knees gave way as its counterparts put up a strong fight yesterday. Japan’s economic calendar was empty then, allowing high-yielding currencies to take advantage of JPY weakness. More…

Canada

Much like it’s com-doll siblings, the CAD posted some decent gains against the USD. The Loonie finished the trading day at 1.0507, closing at a new low for the week. More…

Australia

The AUD rode a wave of optimism yesterday, clearing out its losses for the week. The AUDUSD pair closed at 0.9172. The last two Fridays, we’ve seen the pair make solid dips – will today make it three weeks in a row? More…

New Zealand

The Kiwi won another gold over the dollar in yesterday’s trading competition. It trumped the greenback with a score of 0.7280 from an opening of 0.7200. More…

Switzerland

The SNB’s interest rate decision proved to be uneventful for traders as the USDCHF traded in a tight 60 pip range yesterday. It open the Asian session at 1.0264 and ended the US trading session almost unchanged at 1.0261. More…