Daily Economic Roundup – September 17, 2010

What’s on the Economic Horizon
US CPI and Consumer Sentiment Report Due
German PPI Up by 0.3%?
RBA Annual Report Set for Release Today

United States

Boy did the Greenback bring sexy back against its low-yielding counterparts in yesterday’s trading! After USDJPY dipped to an intraday low of 85.23, the dollar put its muscle on a hustle and closed with a 9-pip gain at 85.83. Against the Swissy, it ripped a 122-pip win as the dollar bulls settled USDCHF at 1.0158 to end the day. Oh yeah! More…

Euro Zone

“I’m on a high, on a high…” The euro danced to the Duncan Sheik beat as it sustained its gains against its major counterparts yesterday. Strong economic reports from the region and weakness in the other economies capped EURUSD 67 pips ahead after hitting an intraday high of 1.3102. More…

United Kingdom

All for one and one for all! The pound gained against the Fellowship Of The Weak as the bad news from the other economies eclipsed the UK’s disappointing economic data. The pound lost 38 pips to the euro, but gained 10 pips on the dollar, 46 pips on the yen, and a crazy 189 pips on the franc. Can anybody sing “We’re all in this together”? More…

Japan

It appears like the effect of the intervention-kryptonite hasn’t faded yet as USDJPY traded well above the 85.00 handle all throughout yesterday’s trading. The yen was able to hustle the pair to an intraday low of 85.23, but the dollar took charge during the New York session. USDJPY closed 9 pips higher at 85.83 and so did EURJPY at 112.26, giving the yen an 89-pip loss. More…

Canada

Old Mr. Loonie was rangin’ yesterday as USDCAD found support around 1.0250 and resistance near 1.0290. That’s probably because Canada didn’t release any economic reports yesterday. More…

Australia

The Aussie joined its comdoll homies in watching the dollar munch on their pips in yesterday’s trading. AUDUSD traded within a 64-pip range, closing 16 pips lower at 0.9368. More…

New Zealand

“Baby are you down down down down down” It seems that the Kiwi can’t get enough of Jay Sean’s tune as it went on its merry way down the charts yesterday. NZDUSD dropped by 66 pips after the Reserve Bank of New Zealand decided to keep its interest rates at 3.00%. More…

Switzerland

“If USDJPY can do it, so can I!” yelled USDCHF as it made a huge 150-pip leap from parity. At first, I thought the SNB pulled a BOJ and staged an intervention. Apparently, they just issued a very dovish monetary policy statement and downgraded their growth forecasts. More…