Daily Economic Roundup – October 9, 2009

United States

The US capitals markets marked its fourth straight advance yesterday which consequently pulled the USD down. Except for some sudden spikes during the euro session, the USD pretty much exhibited a broad-based weakness for the most part of the day. More…

Euro zone

The EURUSD seemed to be confused about which direction to take based on ECB President Trichet’s comments. The ECB left rates unchanged at 1% as expected but what caused the up-and-down movement in the EURUSD was the ECB press conference held a few hours after the rate statement. More…

United Kingdom

Chop chop! GBPUSD trading was choppy yesterday, probably because of anticipation of the BOE interest rate decision. Still, the volatile movement was to the topside and the pair hit a monthly high before cooling off and ending the day at 1.6073, a gain of over 100 pips on the day. More…

Japan

The yen was like an assorted sushi platter yesterday, as it went through some mixed trading. The yen posted minimal gains against the dollar, with the USDJPY pair closing at 88.48, but fell slightly against the EUR, as the pair rose to 130.77. More…

Canada

The Loonie, like its fellow commodity-based currencies, set another yearly high against the dollar yesterday. The USD/CAD pair traded as low as 1.0506 before giving up some ground and ending the US session at 1.0523. More…

Australia

The Aussie continued to flex its muscles against the Greenback yesterday as the country’s employment report surprised to the upside. The AUD/USD made it all the way to 0.9092 before retracing some of its gains and ending the US session at 0.9056. More…

New Zealand

It seems like the Kiwi just can’t get enough of hitting new highs! The NZDUSD reached a high of 0.7454 as Australia, its good ole Oceanic neighbor, reported a huge improvement in employment. More…

Switzerland

It was the Euro and not the dollar that dictated the Swissy as it reflected the Euro’s volatile movement in yesterday’s action-packed trading. After making some sudden swings on both directions, the CHF finally closed yesterday on a higher note against the USD. More…

Pipnoculars: What’s on the Economic Horizon

Joblessness in Canada Expected to Worsen
UK Producer Prices Probably Fell in Sept
Trichet To Reiterate His Pro-USD Stance?
US Trade Deficit Seen to Expand