Daily Economic Roundup - July 30, 2009
United States
Risk aversion sparked by mixed economic data and the crash in China's stock market kept the USD well bid all throughout yesterday's trading session. Investors just pulled money out of equities and commodities, much to the benefit of the USD. More...
Eurozone
The EUR lost its taste against the JPY and the USD for the second day in a row as tentativeness in the capitals markets, particularly in the US, persisted. The EUR got slaughtered also by the CAD and the GBP. It was only able to hold its ground versus the CHF. More...
Japan
The USD/JPY staged another rebound yesterday as risk aversion brought back demand for the safe-haven USD. Yen crosses were driven lower as Japan's industrial production failed to meet expectations of a 2.5% increase. More...
United Kingdom
UK economic data acted as a buffer preventing a sharp drop in the GBP/USD amidst the USD rally yesterday. Risk aversion may have pumped up the demand for safe-haven currencies but the GBP/USD held on to the 1.6400 handle while the GBP/JPY stayed above 154.00. More...
Australia
After breaking out of a recent channel and registering a new yearly high, the Aussie dollar has wiped out the past couple of days on increased risk aversion. After China's stock market crashed by 5% yesterday, the AUDUSD followed suit and dropped to .8165. More...
Canada
The Loonie continued to lose against the USD yesterday, as the USD made a strong push on increased risk aversion. The USDCAD pair rose to 1.0908, wiping out gains that the CAD made earlier in the week. More...
New Zealand
Risk aversion in the capitals markets continued to be the NZD's ghost. Same with the other higher yielding currencies, the NZD got beaten by the USD and JPY in yesterday's trading. More...
Switzerland
Demand for the world's refuge currency was at heightened levels yesterday, causing a drop in the CHF's value. The USDCHF pair opened Asia at 1.0753 and fell sharply as the trading session went by. It closed US at 1.0878, a gain of more than 100 pips. More...
Pipnoculars: What's on the Economic Horizon
UK House Prices Could Push GBP Up
Are we in the Middle of a Sentiment Shift?
Will China stock market fears fuel a run to risk aversion?
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- Daily Economic Roundup - July 31, 2009 21:32 30 July 2009
- Daily Economic Roundup - July 21, 2009 21:47 20 July 2009
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