Daily Economic Roundup – June 11, 2010

What’s on the Economic Horizon
US Retail Sales and Consumer Sentiment On Deck
UK Producer Prices Down by 0.9?%

United States

The rest of the major currencies bullied the Greenback yesterday and forced it to cough up its recent gains. Improved risk appetite, spurred by better than expected economic data, gave the higher-yielders enough strength to beat up the safe-haven Greenback. More…

Euro Zone

Wham, bam, thank you Mr. Risk Appetite! Okay, so that didn’t rhyme so well, but you got the point right? Risk appetite was the name of the game yesterday, which helped push the euro to its best performance this week. The EURUSD rose to 1.2140, up 150 pips from its starting point for the day! More…

United Kingdom

Risk on! Thanks to the unexpected surge in China’s trade balance released early yesterday, the pound was able to mark its second day of wins over the dollar. It ended the US trading session above the 1.4700 handle, which was almost 170 pips higher from its opening price during the Asian session. More…

Japan

Hurt by the rally in equity markets across the globe, the yen ended the US trading session with a huge hit against all major currencies yesterday. Special mention goes to the GBPJPY, as it rallied more than 200 pips from its Asian session open. More…

Canada

Just like its fellow comdolls, the Loonie turned out to be one of the strongest currencies in yesterday’s trading session. The Loonie marked its fourth winning day, closing almost 130 pips higher against the Greenback. More…

Australia

Cowabunga! Aussie bulls rode a wave of optimism, which pushed the AUDUSD two hundred pips higher! Will traders continue to be risk hungry today? Or could we see some profit taking take place? More…

New Zealand

It looks like optimism following the RBNZ’s rate hike flowed through the airwaves like Katy Perry’s California Girls! The NZDUSD made its way to the top of the Forex Billboard Top 10, as it rose 200 pips from its opening price. More…

Switzerland

“Take that, Greenback!” yelled the Swissy yesterday as it continued its winning streak. Boosted by risk appetite, Swissy strength carried the USDCHF down to a low of 1.1398 during the US session. More…