Daily Economic Roundup – September 9, 2010

What’s on the Economic Horizon

BOE Minutes on the Clock
Australian Unemployment Falls to 5.1%
CAD: Trade Balance Improving?

United States

I betcha the dollar didn’t wake up today feeling like Pip Diddy as risk appetite made the market tik tok yesterday. Ha! It lost 32 pips against the euro and 107 pips against the pound. USDJPY was able to close 14 pips higher at 83.91, but the pair first dipped to its new 15-year low at 83.34 during the European session. Ouch! More…

Euro zone

Phew! Looks like the euro got the breather it needed yesterday, as it managed to stay afloat versus the dollar. After setting a new weekly low at 1.2665, the pair rose up and even gained 20 pips on the day from its opening price to end at 1.2714. More…

United Kingdom

“I’ve been high, I’ve been low… I’ve been yes and I’ve been oh, hell no” The pound did a Train number yesterday when it rose against its major counterparts after getting beat up for the past few days. GBPUSD capped the day with a 98-pip rise at 1.5465, while EURGBP closed 38 pips below its open price at .8222. More…

Japan

The Bank of Japan must have breathed a sigh of relief yesterday when the yen lost against its counterparts on a rally of risk appetite. USDJPY wormed its way to a 15-pip gain after dropping to an intraday low of 83.34. Meanwhile, EURJPY also tip-toed to a 37-pip rise and closed at 106.69. More…

Canada

Soaring, flying, there wasn’t a pip that the Loonie could not reach in yesterday’s trading! USDCAD spent the early part of the day chillin’ just below the 1.0500 handle. After the BOC announced its interest rate decision, the bears took over and drove the pair down to an intraday low of 1.0346 before ending the day at 1.0375 with the Loonie scoring a 133-pip win. Whoohoo! More…

Australia

The Aussie received a pat on the back from the markets yesterday on a risk rally and good economic data combo. It locked in a 57-pip gain against the dollar at .9170 after opening at .9113. Ace! More…

New Zealand

After it looked like the Kiwi was gonna drown in the Tasman sea, it held on and benefited from a wave of risk appetite. NZDUSD hit a low of .7160 before bouncing back up to close at .7220, which equaled a 20 pip gain for the day. More…

Switzerland

EURCHF hit a new low, low, low, low, low during yesterday’s trading at 1.2766. Too bad the Swissy wasn’t able to hold on to its gains no thanks to risk appetite. The pair closed 47 pips higher at 1.2866. More…