Daily Economic Roundup – February 22, 2010

What’s on the Economic Horizon
BOC Senior Deputy Governor Set to Testify Today
BOJ Monetary Policy Meeting Minutes Due

United States

It looked like the dollar was going for a home run but was forced for a double after USD buying didn’t make it over the fence. After trading as low as 1.3444, the pair retraced back to near its weekly opening price to close at 1.3595. Is the dollar rallying coming to an end? More…

Euro Zone

After its wacky roller coaster ride the preceding day, the EURUSD was able to stabilize and clock in some gains last Friday. The EURUSD closed out Friday at 1.3594, just a few pips lower from its week open price. More…

United Kingdom

The pound had its biggest daily loss of the month so far against the dollar and yen last Friday. The cable (GBPUSD) slid to 1.5456 from 1.5621. Similarly, the guppy (GBPJPY) fell to 141.60 from 142.56. More…

Japan

The yen closed last Friday’s trading in a mixed fashion against the other major currencies. It closed positively over the aussie, kiwi, euro, and pound but fell versus the swissy and the greenback. More…

Canada

Unable to break above the 1.0500 mark, the USDCAD tumbled by a little more than a hundred pips to a low of 1.0389 last Friday. Although economic reports from Canada were generally weaker than expected, the CAD was still able to gain the upper hand. More…

Australia

After tiptoeing around the 0.8900 handle, the AUDUSD mustered enough strength to recover from its recent losses last Friday, despite the lack of Australian economic data on tap. More…

New Zealand

The Kiwi started out last week on a firm note, climbing steadily against the dollar. Unfortunately, the Fed came out with a surprise discount rate hike on Thursday, fizzling out the Kiwi’s hard-earned rally. The Kiwi closed out the week at 0.6985, just 30 pips higher from its week open price. More…

Switzerland

Much like the euro, the Swissy ended dead even against the USD, as the USDCHF pair closed at its weekly opening price of 1.0770. Will we see more of the same this week? More…