Daily Economic Roundup – June 23, 2010

What’s on the Economic Horizon
FOMC: No Rate Change Expected
Euro Zone PMI Figures On Deck
New Zealand GDP to Post 0.5% Growth
Canadian Retail Sales to Dip 0.4%

United States

The dollar was all over the place yesterday, trading mixed across the board. While the dollar climbed against the comdolls and the euro, it lost out versus the yen and the pound. More…

Euro zone

The euro seemed to ignore the strong results of the German Ifo business climate survey and just focused on the euro zone’s dismal current account deficit. With that, the EURUSD slid all the way down to a low of 1.2251 while the EURJPY fell towards the 111.00 area. More…

United Kingdom

After bursting to as low as 1.4688 early in the European session, pound bulls came back in force, pushing the GBPUSD all the way back up to the 1.4850 level. What the heck happened? More…

Japan

Sniffff… Is that a new air freshener we’ve got in the markets? It smells like the risk aversion scent to me! After all, the yen was able to dominate its higher yielding counterparts in yesterday’s trading sessions! More…

Canada

The Loonie was just about to go on its victory parade, a fresh cloud of risk aversion released some rain dosed the markets. The USDAD ended the day at 1.0291 after hitting an intraday low of 1.0182. More…

Australia

The Aussie kept attempting to close its weekend gap yesterday as it edged lower and lower against the Greenback. The lack of economic releases from Australia was probably one of the reasons why the Aussie couldn’t pull its own weight. More…

New Zealand

The NZDUSD filled its weekend gap yesterday as it slid from an opening price of .7126 to a low of .7052. Upbeat economic figures from New Zealand weren’t able to provide support for the Kiwi. More…

Switzerland

Extra! Extra! Read all about it: the Swissy posted a new yearly low against the euro yesterday! Yep, you heard me right… the Swissy bulls trampled all over the euro again and marked their fifth consecutive win! With the Swiss National Bank absolutely in sight, we could see the EURCHF hit 1.3500 today. More…