Daily Economic Roundup – June 18, 2010

What’s on the Economic Horizon

UK’s Public Sector Borrowing to Show a 18.2 BIllion GBP Deficit
German Producer Prices Probably by 0.2% in May
Canadian Foreign Securities Purchases on Deck

United States

The dollar was pounded across the board yesterday when a strong wave of risk appetite came crashing down on the markets. After staging a relief rally to 86.64 on Wednesday, the US dollar index was pushed down almost 50 points back down to 86.16. More…

Euro zone

Even though euro zone’s second largest economy failed to score a victory in their World Cup match yesterday, the euro chalked up some wins against the Greenback and the yen. After all that action, the EURUSD chilled out near 1.2400 while the EURJPY stayed safely above the 112.00 handle. More…

United Kingdom

What a day for the pound! The GBPUSD looked headed for new lows, before the release of some good economic data caused the pound to soar back up to previous highs! The pair seems to be finding resistance just above the 1.4800. How long will it hold? More…

Japan

The USDJPY attempted to break through the 91.00 handle yesterday, but failed to close below the 200 SMA. Against other majors, the yen largely stuck within range. Will consolidation continue to be this summer’s trend? More…

Canada

Thanks to some poor data released, the Loonie gave back some of its weekly gains against the dollar. The USDCAD rose to as high as 1.0339, but couldn’t sustain its gains, as it finished the day at 1.0272. More…

Australia

The Aussie must be feeling pretty stoked yesterday as it surfed higher against the Greenback, pushing the AUDUSD to a high of .8683. Even though Australia didn’t release any economic figures then, a strong wave of risk appetite kept the Aussie on cloud nine. More…

New Zealand

Propelled by risk appetite, the NZDUSD soared from its open price of .6990 up to a high of .7070 yesterday. New Zealand’s economic calendar was report-free then. More…

Switzerland

Surprisingly, it was the Swissy that garnered much of traders’ attention yesterday. Thanks to some extremely hawkish statement from the Swiss National Bank (SNB), traders bought up the Swissy like it was made of gold and took it higher against both the dollar and the euro. More…