Daily Economic Roundup – November 17, 2009

What’s on the Economic Horizon

US Industrial Production To Post 0.4% Uptick?
UK Inflation Numbers On Tap Today
Euro Zone Trade Deficit Expected to Shrink

United States

A couple of nasty spikes could be spotted on most of the major pairs’ charts as a bunch of news reports shook the USD. At the end of the day, the USD closed lower against its counterparts, pushing the USD index to its 15-month low. More…

Euro zone

The EURUSD went for a wild ride yesterday, jumping up and down following the comments of US Fed Chairman Ben Bernanke. Still, overall sentiment pushed the EURUSD higher, but not enough to close above the 1.5000 handle. More…

Japan

The yen traded slightly higher against its western counter parts in yesterday’s trading session. The USD/JPY pair closed the US session at 89.12 while the EUR/JPY pair closed at 133.43. More…

United Kingdom

Looks like the Cable started the week on a firm tone yesterday when it soared all the way to last week’s high, around the 1.6850 price region, marking the second consecutive day of gains. More…

Canada

The Loonie was able to extend its winning streak to two this week as it closed positively over the greenback yesterday. The USDCAD, despite some volatile trading during the US session, finished the session at 1.0471. More…

Australia

The Aussie made another round of plunderin’ against the greenback in yesterday’s barter. The AUDUSD traveled to another unchartered territory as it marked a new yearly high at 0.9407 before closing at 0.9384. Could the pair surpass its new high today? We shall see. More…

New Zealand

Another good day at the office for the Kiwi! The NZD was able to post gains against the US dollar once again, as NZD bulls overcame some choppy trading that happened after Bernanke’s speech yesterday. Ultimately, the NZDUSD closed the trading day at 0.7489. More…

Switzerland

The Swissy saw a bit of wild action yesterday as the USDCHF spiked up and down after Fed Chairman Ben Bernanke’s speech. The pair shot all the way up to 1.0145 as Bernanke ensured a strong USD policy but it snapped back to consolidation mode soon after. More…

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