Daily Economic Roundup – September 11, 2009

United States

Investors’ mood was turned up yesterday despite the worse-than-expected US trade balance result and the negative revision in the previous week’s initial jobless claims. The USD felt a broad-based weakness as a result to close the day. More…

Euro zone

The EURUSD kept within its range yesterday as it tried to break the 1.4600 barrier but failed. Still, the EUR refused to let go of its recent gains against the USD despite the cautious remarks from ECB officials. More…

Japan

It was a good day for yen hitters yesterday, as batters got on based and scored some runs. The JPY finished the day ahead of both the USD and EUR, closing at 91.70 and 133.75 respectively. More…

United Kingdom

The pound continued its hard hitting ways against the USD, busting past resistance at 1.6600. The pair closed trading at 1.6667. I suspect that traders and investors reacted positively to the Bank of England rate decision, which helped boost the pound. More…

Canada

The USDCAD was taken for a ride as it lost against most major currencies prior the BoC’s interest rate decision yesterday. Still, the CAD managed to regain all its lost ground versus the USD after the report and even managed to post some minor gains before the US trading session ended. More…

Australia

The jobless report took the AUDUSD southwards early morning yesterday but the pair was able to gain traction as the day went by. It opened the Asian trading session at 0.8615, fell as low as 0.8546, before bouncing up and closing at 0.8638 late in the US afternoon session. More…

New Zealand

Go Kiwi! The NZDUSD was finally able to surge past the 0.7000 mark and reach a new yearly high of 0.7045 yesterday. No economic reports were released in the last 24 hours but optimistic comments from RBNZ officials were able to pull the Kiwi higher. More…

Switzerland

Even without having any economic catalyst in Switzerland, the CHF still managed to edge the USD in yesterday’s trading. The USD/CHF pierced through the 1.0400 psychological support and is now trading below it. However, the USD may bounce back later in commemoration of the 9/11 terrorist attacks in the US. More…

Pipnoculars: What’s on the Economic Horizon

Canadian New House Prices Expected to Fall Again
UK – PPI Input data to show rising prices?
Up Next: US import prices, UoM Consumer Sentiment, Federal Budget Balance