Daily Economic Roundup – November 20, 2009

What’s on the Economic Horizon
German PPI to Show a 0.1% Increase
SNB Chairman Roth’s Speech Tonight
BOJ Expected to Leave Interest Rates at 0.1%

United States

The USD dominated against most majors in yesterdays trading as risk aversion seems to be creeping back in. The USD did especially well against the com-dolls (AUD, NZD, CAD), while also getting some decent hits in on the GBP and EUR. More…

Euro zone

The EURUSD pair fell down a couple of steps in yesterday’s session as a wave of risk aversion hit the currency markets once again. It ended the US trading session at 1.4923, almost 100 pips lower from its Asian opening price. More…

United Kingdom

The pound lost its grip against the dollar for a third day in a row yesterday. Investors moved again to the safety of the USD given the lack of positive catalyst in the UK and the US. The cable fell to as low as 1.6607 before closing at 1.6659. More…

Japan

It was New Year in Japan yesterday as the Yen rallied hard against all the major currencies. Optimism in the global capitals markets suddenly dissipated. This, ironically, lifted the JPY in a broad-based fashion. More…

Canada

Propelled by risk aversion, the USDCAD soared all the way to a high of 1.0690 yesterday. Commodity prices slid lower, dragging down the com-dolls AUD, NZD, and CAD. More…

Australia

Yesterday, the AUDUSD took a sharp dive as risk aversion haunted the markets once again. Commodity prices, which edged lower, were unable to provide support for the AUD. More…

New Zealand

Just like the Aussie and the Loonie, The risk aversion camp brought the Kiwi down to last week’s low at 0.7300 in yesterday’s trading session. The price of commodities, like gold and oil, also fell, failing to provide support for the Kiwi’s sharp fall. More…

Switzerland

The Swissy took some hits in intraday trading yesterday, falling on speculation of tighter banking regulations. The CHF was able to hang on though, as the USDCHF and EURCHF pairs rose to just 1.0135 and 1.5119. More…

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