Daily Economic Roundup – June 21, 2010

What’s on the Economic Horizon
UK’s Yearly Budget Report on This Week’s Docket
SNB Official To Talk about Currency Intervention?
FOMC Statement on Wednesday

United States

With barely any economic data released last Friday, the Greenback seemed to sail on calmer seas. Which events could rock the Greenback’s boat this week? More…

Euro zone

With no major news coming out on Friday, euro trading was as tight as a rockstar’s leggings. The EURUSD traded within a range of just 70 pips. Still, the markets got a nice surprise over the weekend, which caused higher yielding currencies like the euro to gap up! More…

United Kingdom

With just a couple of low-key reports on its economic agenda last Friday, the Cable found itself mostly drifting within a tight range last Friday. It closed the US trading session at 1.4821, barely changed from its Asian session opening price of 1.4834. More…

Japan

With hardly anything on Japan’s economic cupboard, the yen tiptoed sideways slowly against most major currencies last Friday. More…

Canada

Thanks to some positive economic data, the Loonie was able to post some minor gains against the Greenback last Friday. The USDCAD ended the US trading session at 1.0212, 57 pips lower from its Asian session opening price that day. More…

Australia

Thank you mate! Thanks to news that China would be allowing the yuan to appreciate, the AUDUSD gapped up over 100 pips to start the week at .8817, its highest level in over a month. More…

New Zealand

Just likes it buddy across the Tasman sea, the NZDUSD gapped up over the weekend on some surprise news from China. The NZDUSD opened just above the .7101 handle, after closing last week at .7050. More…

Switzerland

The US dollar and the Swiss franc had a really tight match last Friday, keeping the USDCHF just a few notches close to the psychological 1.1100 mark. The lack of high-impact reports from the US and Switzerland left the pair almost motionless then. More…