Daily Economic Roundup – September 18, 2009

United States

The USD edged lower versus other major currencies early in Asia but managed to fight back once the US session went underway. It seems, though, that the move was more of a retracement than a decisive directional move. More…

Euro Zone

The EUR soared against the Yen for the fourth consecutive time yesterday despite the slim gains in the euro markets and the profit taking in the US. The EURJPY pair is currently trading around 134.50 and may stay within this area today given the lack of sentiment shifting events in Japan, euro zone, and the US. More…

Japan

My my, things are looking sunny for the Japanese economy. The BOJ highlighted improvements in public investments, exports, and production as they upgraded their overall assessment of the economy. More…

United Kingdom

So far, things are not looking so bright for the pound, with BOE Governor King’s weak outlook for the UK economy and the central bank’s intention of lowering their deposit rate. And after struggling to recover its losses this week, the pound got slammed by another disappointing economic report yesterday. More…

Canada

And this is why they call it the Great White North! The Canadian dollar hit a new high against the USD, as the USDCAD pair hit 1.0600 during intraday trading yesterday. In case you didn’t know, this is a new yearly high for the CAD!! More…

Australia

The Aussie finally took a slight hit yesterday, but not before hitting a new yearly high in intraday trading. The AUDUSD pair touched as high as .8776, before soaring down and closing at .8705. Will the AUD get back to its winning ways today? More…

New Zealand

The greenback rallied against the Kiwi in yesterday’s trading as investors sold the news of the better-than-expected economic updates in the US. The NZD shaved some of its weekly gains as it tried to test its yearly high. More…

Switzerland

Okay make that ten. Ten consecutive days of the CHF closing higher from its Asian open against the USD. The currency also posted minor gains versus the EUR yesterday despite the fear that the Swiss National Bank would meddle with the EURCHF’s pair exchange rates again. More…

Pipnoculars: What’s on the Economic Horizon

US session: Only Canadian Wholesale Sales on deck

Surprise Upside in Euro Zone’s CA Balance?

Public Sector Net Borrowing to Show Higher Budget Deficit?