Daily Economic Roundup – November 25, 2010

What’s on the Economic Horizon

Swiss Employment Level Seen at 3.98M.
U.K. Inflation Report Hearings

United States

The dollar’s scorecard in yesterday’s trading was as mixed as Huck’s Thanksgiving turkey stuffing. It gave up some of its gains to the com-dolls while it continued to stack up its wins against the euro when EUR/USD closed 42 pips lower at 1.3329. More…

Euro zone

While the euro lost out yet again, at least it wasn’t as bad as the previous two days. EUR/USD fell just 43 pips for the day to end at 1.3328. Hey, at least it wasn’t a 250 pip drop like on Tuesday! Looks like the euro bulls will at least have something to be thankful for! More…

United Kingdom

Have sellers finally decided they’ve shed enough pounds? With no revision being made for the second estimate of U.K.’s GDP, Cable ended the day practically unchanged as well at 1.5776. More…

Japan

Win big, lose big! After chalking up large gains from risk aversion flows on Tuesday, the yen decided to give back its winnings as it lost against all of its major counterparts. USD/JPY closed 42 pips higher at 83.59 while EUR/JPY bounced from a two-month low of 110.32 to finish 24 pips higher for the day at 111.45. More…

Canada

Black crack baby! Thanks to a surge in oil prices, the Loonie soared up the charts, posting its biggest gain versus the dollar in over a month. USD/CAD dropped 120 pips to finish the day off at 1.0111. Yeah boi! Do they celebrate Thanksgiving up in the Great White North? More…

Australia

After opening at .9724, AUD/USD paddled its way to a closing price of.9814 just ridin’ the risk appetite wave. Gnarly dudes! More…

New Zealand

Booooring! We didn’t see much movement from the Kiwi yesterday. With no reports released from New Zealand, NZD/USD pretty much chilled and stayed within a tight 50-pip range, closing 22 pips higher for the day at .7607. More…

Switzerland
Yodel-eh-eeeh-whoohoo! The Swissy posted its fourth consecutive win against the euro as it closed the day at 1.3279, piling up its gains to 334 pips this week. It also bagged 8 pips from the dollar as USD/CHF ended the day at .9961. More…