Daily Economic Roundup – September 27, 2010

What’s on the Economic Horizon

Nationwide HPI to Print a 0.2% Decline
ECB President Trichet to Give Speech in Brussels

United States

Good day and a happy Monday to you! Last Friday, the dollar was seen in the corner bruised and crying again when it received another round of beating from other major currencies. The US dollar index closed the week at 79.75, its lowest level since early February. More…

Euro zone

“Ain’t no mountain high enough…ain’t no river wide enough to keep me from getting to youuuu…” The euro did a snazzy Gaye Marvin number last Friday when it overwhelmed its major counterparts and erased all of its losses last Thursday. EURUSD hit a five-month high and ended the week at 1.3491, while EURJPY finished off its 137-pip gain at 113.70. More…

United Kingdom

The pound kicked it like Adidas last Friday as it tapped its 6-week high against the dollar at 1.5844. It ended the day a tad bit lower at 1.5828 with a 152-pip win to add. It was also able to bag 117 pips versus the yen to close GBPJPY at 133.38. Unfortunately, the pound’s magic wasn’t enough to sweep a win against the euro as EURGBP ended Friday 28 pips higher at 0.8524. More…

Japan

USDJPY received a bear hug from traders last Friday, aww! The yen was able to recover the losses it got against the dollar during the Asian session when USDJPY touched an intraday high of 85.39, by ending the day 7 pips lower at 84.27. More…

Canada

It was another good day for the comdoll connection! Like the other commodity-related currencies, the Loonie traded higher against the dollar on continued aversion and weakness in the US economy. USDCAD finished the day off with an 84-pip drop at 1.0256. Meanwhile, CADJPY ended the week at 82.16 after hitting an intraday high of 82.68. More…

Australia

The Aussie received a lot of lovin’ last Friday as it was able to post new yearly highs. It closed the week out .9588, which was its highest level July 2008. More…

New Zealand

After taking a hit last Thursday, the Kiwi was finally able to get enough air on the charts on Friday as NZDUSD tapped an intraday high of 0.7362. The pair then landed at 0.7343 to close the day with 41-pip gain for the com-doll. More…

Switzerland

D’oh! The franc pared its gains against the dollar and the euro last Friday when positive economic reports popped up in the euro zone and the US. EURCHF finished its 164-pip climb at 1.3289, while USDCHF leveled off to a 4-pip dip after dropping to an intraday low of .9780. More…