Daily Economic Roundup – February 15, 2010

What’s on the Economic Horizon

Switzerland’s PPI to Remain at 0.1%
German Zew Economic Survey Due Later
New Zealand’s 4Q PPI on Tap Today

United States

It has been a wild ride for the dollar, gaining and losing throughout last week on shifts in risk sentiment and news on Greece’s debt problem. Still, at the end of the week, the dollar was able to close out positively against most major currencies. More…

Euro zone

The euro checked in the heart break hotel last Friday as it got snubbed by the dollar and yen. The EURUSD slid and closed at 1.3617 from 1.3683. Similarly, the EURJPY also closed lower at 122.54 from 122.77. More…

United Kingdom

After dropping from its precious 1.6000 mark the previous week, it was all about ranging for the GBPUSD this past week. The pair traded within a range of just 200 pips. Could we be in line for a breakout this week? More…

Japan

The yen was left confused and, as a result, ended with mixed emotions ahead of the Valentines weekend. Japan’s economic calendar was free last Friday. In other words, it was left dateless. Still, the weak German 4Q GDP number gave the yen a little lift while the optimistic US retail sales accounts kind of sent it ‘guessing.’ More…

Canada

Woooo! Look at that Loonie go! The Canadian dollar made some impressive gains against the dollar last week, with the USDCAD pair dipping all the way down to 1.0516. Is this a sign that the CAD is back on track? Or will dollar bulls see this as an opportunity to buy the pair once again? More…

Australia

After hitting levels it hadn’t reached since last September, the Aussie bounced back last week, posting a nice gain versus the dollar on the strength of good employment figures. The AUDUSD pair finished almost 200 pips higher to close the week at 0.8870. More…

New Zealand

The greenback’s charm worked on the Kiwi last Friday as evidenced in the NZDUSD’s dip. The pair wilted down to 0.6964 from 0.7009. More…

Switzerland

The Swissy ended the last week on a sour note, losing a bit of ground against the dollar. The USDCHF ended the week at 1.0766, around 50 pips higher from its week open price. More…