Daily Economic Roundup – August 28, 2009

United States

Rough day at the office for the USD, as it limped across the board and fell against all other majors. The tough day was caused by an increase in optimism boosted stocks and oil prices as US GDP data came in better than expected. More…

Euro zone

The plethora of data released during the Euro session failed to create any decisive movement on the EUR/USD pair yesterday. It seemed the day was going to be a bore… until the afternoon US session came rolling along. More…

United Kingdom

The GBP came from behind and made a late run to capture second place, while placing the USD third in yesterday’s trading leg. It, however, fell short of the JPY as it touched the finish line miles ahead. More…

Japan

The Yen ended yesterday’s session mixed. It fell against the likes of the EUR, AUD, NZD but managed to edge the GBP and the USD. More…

Canada

Oil prices jumped by 2% yesterday and the Loonie decided to hop in on the action. Equities and higher-yielding currencies surged as risk-taking was seen all over the markets. More…

Australia

An unexpected surge in business investments caused the Aussie to zoom up to the 0.8400 mark yesterday. Also reaffirming the strength of the Australian economy was the CB leading index, which hinted at economic expansion in the next few months. More…

New Zealand

The NZD was finally able to advance against the USD late into the US session yesterday. The rally was fast and furious yet buyers weren’t strong enough to pierce through this year’s highest price levels. It ended the day just a few pips shy of the 0.6900 handle. More…

Switzerland

The Swiss franc sliced through the USD like it was cheese, as the USDCHF dropped late in the US session. The extreme volatility caused the pair to hit a new yearly low at 1.0531, before it cooled off and closed trading at 1.0581. More…

Pipnoculars: What’s on the Economic Horizon

EUR: Will 1.4400 Remain Intact?
Canada’s Current Account Balance and Retail Price Index On the Docket
Revised UK GDP Ahead

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