Daily Economic Roundup – September 8, 2009

United States

Totally slow day for the markets yesterday as the US celebrated a bank holiday. This kept the USD trading in a tight range versus most major currencies. More…

Euro zone

The EUR took an early lead versus the JPY and the USD during the Asia session yesterday. Suddenly, however, its tank fell empty following the release of the euro zone’s Sentix investor confidence survey. More…

Japan

The safe-havens took a hit yesterday after the G20 ended their summit with a pledge to continue implementing the necessary monetary and fiscal policies until a recovery is secured. The JPY bowed down to commodity currencies as investors became in the mood to take on more risk. More…

United Kingdom

It looks like the pound is off to a bad start. It was the weakest among the majors yesterday as it struggled to hold on to its gains and failed miserably. The GBPUSD was unable to sustain its rally past the 1.6400 mark while the GBPJPY slid below the 152.00 level. With a bunch of economic reports due today, the pound has several chances to get back on its feet. More…

Canada

The CAD got another sucker punch in against the USD yesterday, as the CAD staged another big gain yesterday. Despite bank holidays for both the US and Canada, USDCAD trading hit a low of 1.0741, and closed at 1.0773. More…

Australia

Boing! Looks like the AUD had a pair of Nikes on, as the pair jumped high to set its yearly record. After closing last week with at a yearly high, the pair pushed slightly higher yesterday, touching a high of .8578 before closing at .8560. Is there no stopping the AUD? More…

New Zealand

The NZD broke out of the 0.6900 handle against the USD yesterday and set a new yearly high. If this level holds, then we might see the NZD move further as investors gain more confidence in the markets. More…

Switzerland

Will we see another range bound day for the Swissy today or will we see a breakout as money starts flowing back into the capital markets after the long weekend? More…

Pipnoculars: What’s on the Economic Horizon

Will the BOC intervene?

UK Manufacturing Production Data Coming Up

Swiss Jobless rate probably rose in August