Daily Economic Roundup – September 23, 2010

What’s on the Economic Horizon

Euro zone PMI reports on deck
Japanese Bank Holiday
Existing Home Sales in the house yo!

United States

Did the Greenback bring sexy back yet? Ummm… no. It lost against all of its major counterparts save for the Loonie during yesterday’s trading. It gave up 157 pips to the euro as EURUSD closed the day at 1.3392 after hitting a 5-month high at 1.3442. USDJPY stayed below the 85.00 handle all throughout the day, ending at 84.55. More…

Euro zone

Back-to-back, baby! Euro action was explosive for the second day in a row as the currency dominated the charts yesterday. Coming off a successful bond auctions, the euro climbed further up the charts to stand tall against its major counterparts. EURUSD flew 157 pips to close at 1.3392, while EURJPY ended 59 pips higher at 113.22. More…

United Kingdom

Traders treated the pound like a zombie from Left for Dead, running away from it as fast as they could. As a result, the pound got left in the dust and dropped across the board. EURGBP rose 70 pips to close at .8548 for the day. Meanwhile, GBPJPY dropped for the fifth consecutive day to close at 132.45, down 54 pips from its opening price. More…

Japan

Oh boy, BOJ officials must be getting pretty annoyed right now. Despite intervening in the markets last week, the yen has remained resilient and “benefited” from all the dollar weakness we’ve been seeing. USDJPY dropped another 50 pips, bringing it down to 84.55. Will we see another intervention by the BOJ? More…

Canada

I guess the Loonie didn’t get the memo. While almost every other major currency has been trouncing the Greenback lately, the Loonie hasn’t been having much luck against its American counterpart. USDCAD moved up the charts to record a loss for the Loonie as it closed at 1.0298 to lock in a 30-pip gain for the day. More…

Australia

Somebody call the SWAT team because the Aussie’s the BOMB! Yesterday, AUDUSD posted hit a new two-year high at 0.9600 before ending the day at 0.9568. The comdoll bagged 32 pips from yesterday’s trading, stacking up its gains against the dollar this week to a total of 205 pips! Sha-bam! More…

New Zealand

In New Zealand, it’s a pip-party everyday! Well, okay, maybe not everyday. But it has been for the past four days! NZD extended its lead against the Greenback once again as NZDUSD rose from its opening price of .7334 to end at .7417. More…

Switzerland

The Swissy’s scorecard in yesterday’s trading was as mixed as a glass of Long Island Iced Tea. At the end of the day, it had chugged 108 pips from the dollar after USDCHF hit a new yearly low at 0.9838. Oh yeah! It was unable to get pipsy with the euro though. EURCHF ended the day at 15 pips higher at 1.3212. Boo! More…