Daily Economic Roundup – June 16, 2010

What’s on the Economic Horizon
US PPI to Slide by 0.5% in May
Rebound in Swiss ZEW Economic Expectations?
UK Employment Reports on Deck

United States

“Argh! Not again!” yelled the Greenback as it chalked up another day of losses against its counterparts. In particular, the European currencies seemed bent on taking revenge against the Greenback as they continued to win back their recent losses. More…

Euro zone

Shabam! Despite some poor economic data releases, the euro was able to post another round of gains versus the dollar. The EURUSD rose over 100 pips, to close at 1.2347. Where did all the sellers go? More…

United Kingdom

After lazing around a tight 70 pip range during the Asian trading session, the Cable burst with life once the US trading session rolled along. It ended the day at 1.4820, its highest level in more than a month. More…

Japan

The yen traded in an almost perfect V-shaped manner yesterday. After rallying sharply during the Asian trading session, the currency completely reversed its gains and even ended with a loss when risk appetite came crashing back down on the markets. More…

Canada

Favored by the strong case of risk appetite, the Loonie was able to stage a nice rally against the dollar. The USDCAD ended the US trading session at 1.0250, almost 100 pips lower from its Asian session opening price. More…

Australia

Gap close? Check! After treading lower early in the Asian session and closing the weekend gap, risk hungry traders took their places at the table and gobbled up the Aussie dollar. The AUDUSD pushed higher, closing at .8659, up 150 pips from its low for the day. More…

New Zealand

Ka-ching! That’s the sound of Kiwi cash registered you heard yesterday! After testing below the .6900 handle, the Kiwi bulls decided to splurge, sending the NZDUSD all the way back up to .6993. More…

Switzerland

Even though Switzerland didn’t release any reports yesterday, the Swissy was able to pocket some gains against the Greenback as risk appetite took hold of the markets. As a result, the USDCHF pair slid sharply from a high of 1.1481 to close at 1.1299. More…