Daily Economic Roundup – June 24, 2010

What’s on the Economic Horizon
US Durable Goods Orders Down by 1.2%?
New Zealand Trade Balance On Deck
Japanese Inflation Data Due Later

United States

My my, it looks like traders are exchanging their Greenbacks for currencies from better-performing economies. After advancing for the first couple of days of the week, the Greenback lost ground when bleak economic figures and a dovish Fed statement were released yesterday. More…

Euro Zone

What a weird turn of events! Despite poor data across the globe and some dovish comments by Fed officials, the EURUSD was able to withstand earlier loses, and finished 35 pips higher for the day. After hitting an intraday low of 1.2209, the pair rose up to end the day at 1.2310. What gives? More…

United Kingdom

Ho, ho, ho, the pound staged a major rally and hit a brand-new monthly high against the dollar yesterday. Hmm, what caused this super move? More…

Japan

Although performing slightly better than the Greenback, the yen still found itself trading lower against most major currencies yesterday. It posted losses versus the euro, the pound, and the Aussie. More…

Canada

Ouch. No thanks to the worse-than-expected Canadian retail sales report, the Loonie was pounded across the board yesterday. The USDCAD found itself at 1.0385 by the end of the US trading session, almost a 100-pip move in the span of 24 hours. More…

Australia

“All gaps fill!” The saying held true once again yesterday, as the AUDUSD dipped and closed the gap that was created over the weekend. However, we didn’t see any follow through, as the pair jumped back up to close at .8729, just a few pips from its opening price. More…

New Zealand

Yeahhhh mannnn! The NZDUSD rose yesterday, erasing its losses from the previous two days to close 80 pips up from its opening price. The pair finished the day at .7133. Can the Kiwi sustain its run to end the week on a good note? More…

Switzerland

Even though Switzerland didn’t release any economic reports yesterday, the Swissy was still able to sneak in some gains against the Greenback. Because of that, the USDCHF was unable to head any higher and kept its head below the 1.1140 level. More…