Daily Economic Roundup – September 21, 2010

What’s on the Economic Horizon
Canadian Inflation to Pick Up in August
More Quantitative Easing from the Fed?
UK Public Sector Net Borrowing Data Due

United States

Zzzzzzz… The dollar’s price action yesterday was as exciting as watching water boil when it only inched by a few pips against its major counterparts. A holiday in Japan closed USDJPY only 3 pips higher at 85.75, while EURUSD crawled by 9 pips at 1.3062. More…

Euro Zone

Rally and reverse. That’s exactly what the euro did yesterday as EURUSD fell back towards its weekly open price of 1.3053 after reaching a high of 1.3122. Meanwhile, EURJPY was stuck between resistance around 112.25 and support near 111.75. More…

United Kingdom

Has the pound’s bull run finally hit the end of the line? It was yesterday’s biggest loser, failing to conquer the weakened USD as practically every other major currency chalked up wins against the American currency. GBPUSD fell from its opening price of 1.5628 to land at 1.5551 at the end of the day. More…

Japan

Not much action on USDJPY yesterday. In fact, since yesterday was Respect for the Aged Day in Japan, it was a total doser! USDJPY traded sideways and stayed within a tight range as the pair ended practically unchanged at 85.75. More…

Canada

Whew! Good thing the Loonie got a piece of the comdoll action yesterday! Despite printing disappointing economic reports, the comdoll rally closed USDCAD 30 pips lower than its open price. More…

Australia

Someone’s been pumping iron lately! The Aussie gave a powerful performance yesterday as it muscled its way against the Greenback. AUDUSD started the week off strongly, closing at .9467 and forging a new monthly high as it recorded a 104-pip gain for the day. More…

New Zealand

The Kiwi’s gains were limited yesterday as NZDUSD tried but failed to close significantly above the .7300 handle. New Zealand didn’t release any economic reports yesterday but make sure you watch out for the ones due today. More…

Switzerland

High five! The franc traded higher against its major currencies yesterday after the KOF economic institute upgraded its GDP forecast from 1.8% to 2.7% in 2010 and from 1.6% to 1.8% in 2011. More…