Daily Economic Roundup – November 25, 2009

What’s on the Economic Horizon

US: Plump Turkey of Data before Thanksgiving.
Positive Revision in UK GDP?
GfK German Consumer Climate to Rise Slightly

United States

The dollar managed to hold its ground yesterday as it generally closed the US session near its Asian open price. Are the dollar bears simply revving up for another drastic move today? With the amount of data on deck, we could be in for some major action once the US session opens. More…

Euro zone

It’s a good thing that the EUR was still able to close mixed against the dollar despite the downward revision in the third quarter GDP of the US. The EURUSD fell to a low of 1.4888 during the start of the euro session. Though, it managed to make a sharp turn quickly after to close higher at 1.4965. More…

United Kingdom

The pound struggled to get back on its feet yesterday as BOE Governor Mervyn King announced that the central bank was open to more easing. Pound pairs moved sideways as King pinpointed the weaknesses in the British economy. More…

Japan

Profit-taking worked for the benefit of the JPY yesterday. Despite the weak economic reports from Japan, the JPY managed to strengthen against its major counterparts. More…

Canada

The Loonie went in circles yesterday, before ending up right where it started at 1.0579. With the pair ranging yesterday, could we see more of the same today? Or could we be in for a surprise? More…

Australia

It looked like the Aussie dollar was going to go way “Down Under”, but a fresh run of risk appetite helped boost the AUD. The AUDUSD pair closed at 0.9192, but not after dipping as low as 0.9132 in intraday trading. With Thanksgiving coming up, what will we see from traders today? More…

New Zealand

It was another bad day for the Kiwi as it pared down most of its gains against the greenback last Monday in yesterday’s trading. The NZDUSD pair fell to a low of 0.7221 before closing at 0.7248. More…

Switzerland

The Swissy fell early during the Asian session but eventually managed to regain its losses once the day rolled along. From the looks of it, the Swissy was propped up by the optimistic results of German Ifo Business Climate report from euro zone. More…