Daily Economic Roundup – December 14, 2009

What’s on the Economic Horizon
German Sentiment Data To Print This Week
RBA Monetary Policy Meeting Minutes Due Tuesday
Swiss PPI Rises by 0.2%?
BOJ Rate Decision on Friday

United States

Hip hip hooray! The USD benefitted from some good data that was released on Friday. It seems that the inverse correlation between the dollar and equities is breaking more and more. Will this continue to be the theme for this week? More…

Euro zone

For the second Friday in a row, the euro was blown into bits when data from the US came in surprisingly better-than-expected. The EURUSD traded as high as 1.4773 during the US session but found itself 150 pips when the foreign exchange market closed for the weekend. More…

United Kingdom

The pound was mixed in last Friday’s trading as it closed positive against the yen while losing versus the dollar. Prices can swing either way this week with the release of several top tier economic reports in the UK. More…

Japan

The JPY slipped against all the other majors last Friday though its losses were not that pronounced compared to what it had during the previous day. Will it be able to turn its luck or will market confidence keep it from rising? More…

Canada

The loonie slipped against the greenback last Friday when the strong US retail sales data boosted demand for the US dollar. Oil prices, which fell below $70 per barrel, caused the loonie to lose its grip. More…

Australia

After a brief period of consolidation, the Aussie edged lower against the greenback as US retail sales came in much better than expected. Strong economic data from China, Australia’s largest trading partner, provided a bit of support for the Aussie. More…

New Zealand

The Kiwi returned some of its gains last Friday when better-than-expected data from the US printed. However, the Kiwi’s value has been relatively firm compared to its western counterparts because of the RBNZ’s statement the day before. More…

Switzerland

The Swissy took some hits on Friday, as the USD gained for the third consecutive Friday. The USDCHF rose on some good data from the US, breaking past the 1.0300 handle and ending the week at 1.0341. More…

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