Daily Economic Roundup – June 14, 2010

What’s on the Economic Horizon

UK RICS House Price Balance Due Today
RBA Meeting Minutes on Tuesday
Switzerland PPI Expected to Show No Increase

United States

The dollar managed to recuperate some of its losses last week, as it ended Friday slightly ahead of its major counterparts. Will risk appetite continue dominate this week? Or will dollar bulls jump all over the chance to buy it at cheaper prices? More…

Euro Zone

After gaining for three straight days, the euro tripped last Friday and gave up some of its gains. The euro ended the week and the US trading session at 1.2093 against the dollar, around 50 pips lower from its Asian session price that day. More…

United Kingdom

So much for a week-long rally! The pound was unable to sustain its winning streak when weak economic figures weighed it down last Friday. After topping at 1.4759, the cable edged lower and closed at 1.4528. More…

Japan

The USDJPY paced back and forth inside a range last Friday as traders pondered the effects of Japanese Prime Minister Naoto Kan’s big plans for Japan. Will his “drastic reform” also have a dramatic effect on the yen? More…

Canada

Whew! Loonie bulls needed to catch their breath last Friday, forcing the USDCAD to pause from its slide. The pair seemed to find a floor at the psychological 1.0300 handle after weak US retail sales figures stumped risk-taking. More…

Australia

Fail! After the strong rally seen throughout the week, the Aussie was unable to break out of its double bottom pattern last Friday. If you’re at a loss as to what I’m talking about, head on over to Big Pippin’s blog. More…

New Zealand

The Kiwi turned out to be last week’s strongest performer, edging higher against most major currencies. It rallied towards .6910 against the dollar whilst climbing to 63.37 versus the yen. Will we see the Kiwi continue to gain on interest rate hike speculation? More…

Switzerland

As usual, the franc bobbed its head to the flows of risk sentiment, following the lead of other higher yielding currencies. With the dollar bouncing back on Friday, the USDCHF traded higher to close above the 1.1500 handle. Was this a case of traders taking profits? Maybe, just maybe! More…