Daily Economic Roundup – September 15, 2009

United States

USD pairs traded up and down yesterday, with the USD’s only noticeable gain being against the pound. It seems that there are still concerns of trade protectionism that surfaced at the end of last week. More…

Euro zone

Risk aversion caused by the tension between US and China over the weekend took the EURUSD a few notches lower during the Asian trading session yesterday. The downward move proved to be unsustainable though as the pair managed to bounce back and made fresh news highs once the US session came rolling along. More…

United Kingdom

The Sterling found itself pounded by the safe-havens as both USD and JPY edged higher in Monday’s trading. Anxiety over a trade war between the US and China boosted safe-havens against the higher yielding assets like the GBP. More…

Japan

Safe-haven currencies like the JPY strengthened yesterday as fears over a trade war between the US and China surfaced. The JPY’s advance was further boosted from indications that the Democratic Party of Japan will not intervene in the currency markets to curb the Yen’s recent gains. More…

Canada

Commodity currencies returned their gains to the safe-havens USD and JPY yesterday as trade tensions materialized between the US and China. Despite Canada’s better-than-expected capacity utilization, the USDCAD climbed to a high of 1.0929 in Monday’s trading. More…

Australia

Range-bound action was the theme for the AUDUSD movement in the past few days as it struggles to keep its head above the 0.8600 mark. The Aussie has paused from making further headway as it gears up for the release of the RBA monetary policy meeting minutes today. More…

New Zealand

The NZDUSD pair staged a major drop yesterday as economic data that came out of New Zealand showed dismal results. The NZD fell below 0.7000 against the USD early in Asia and managed to retrace around half of its losses once the US session went underway. More…

Switzerland

And the CHF continues to dominate! Yesterday marked the 7th consecutive day that the franc gained versus the dollar! When will this amazing run stop? More…

Pipnoculars: What’s on the Economic Horizon

ZEW Economic Sentiment Survey to Show Optimism
UK’s CPI Expected to Fall Below BOE Target
Busy Day for US: Retail Sales, Empire State Index, Bernanke Speech

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