Daily Economic Roundup – October 15, 2009

United States

Down he goes! The greenback fell across the board in yesterday’s trading as investor’s risk appetite turned up a notch. As the DOW reached 10,000, the dollar sunk to new fresh yearly lows against several other major currencies. More…

Euro zone

Chalking up another yearly high was the EURUSD, which was boosted by a surge in risk appetite and an increase in euro zone industrial production. Also, the ECB has been relatively more hawkish than the Federal Reserve, thus allowing the EUR to rake in more brownie points. More…

United Kingdom

Cable went spinning like a DJ yesterday, as there was a lot of movement and noise throughout the trading party. The GBPUSD was all over the place, before finally settling at 1.5969 – a gain of almost 80 pips on the day. More…

Japan

Yen trading was mixed in yesterday’s session. The yen attempted to make strong moves against its major partners, but eventually closed only slightly up against the USD while getting bullied by its European counterparts. More…

Canada

Oil prices edged up higher again in yesterday’s trading session which, consequently, helped the CAD hit another set of yearly highs versus the USD. The USD/CAD pair closed the US session at 1.0261, a whopping 100 lower pips from its Asian open at 1.0363. More…

Australia

It seems that there’s no stopping the Aussie from making new highs against the dollar. Rising gold prices, relatively high interest rates, risk appetite, better-than-expected earnings… All these factors are just reinforcing that the Aussie is indeed the go-to currency during this period of economic recovery. More…

New Zealand

The Kiwi edged higher yesterday as the RBNZ started to pave the way for an exit from its easing strategies. With its central bank trailing the RBA’s hawkish moves, the Kiwi was able to benefit from the bullish outlook for New Zealand’s economy. More…

Switzerland

The Swissy reached a new yearly high against the USD as investors perked up their purchase of higher yielding assets, including currencies, given the encouraging US corporate and economic reports. The USDCHF pair marked a low of 1.0130 before closing at 1.0153. More…

Pipnoculars: What’s on the Economic Horizon

US Inflation Figures and Unemployment Claims Due Next
Shirakawa to Talk About Credit Tomorrow
Inflation in Euro Zone Might Remain Weak