Daily Economic Roundup – September 30, 2009

United States

It seems that the dollar generally moved sideways versus most major currencies yesterday as traders sit on the sidelines prior the NFP report coming out on Friday. There was a slight bias in buying dollars though as the economic data released out of US were mixed. More…

Euro zone

The EUR closed mixed against the two “safe haven” currencies – JPY and USD – in yesterday’s trading. The yuppy (EURJPY) rallied to close at 131.46 after marking its 3-month low at 129.82 the other day. The fiber (EURUSD), on the other hand, continued to slide. It closed at 1.4573 from an opening of 1.4606. More…

United Kingdom

The pound held its ground and stayed resilient to the USD rally yesterday. Reassuring comments from BOE officials kept the pound afloat even as other major currencies gave way to the USD. However, the shifting stance of the BOE raised a few questioning eyebrows. More…

Japan

There ain’t nothin’ like the words “Currency intervention is possible under the extreme circumstances” and “Present currency moves are too sudden” from Japan’s Finance Minister to cause a large-scale dumping of the Yen. The USDJPY climbed up the 90.00 level while Yen crosses staged strong rallies. More…

Canada

The CAD gained against the USD for the 2nd day in a row. It seems that USD buyers have lost some steam after gaining some support last week. The pair closed the day at 1.0852. More…

Australia

The AUDUSD’s GPS system was busted yesterday, which left the pair directionless. The pair appeared lost, as it traded up and down and ultimately closed at it’s opening price at .8708. More…

New Zealand

The Kiwi continued to range against the greenback and the yen in yesterday’s action as it just stayed well within its previous day’s high and low. It closed positively vis-a-vis the JPY but fell versus the USD. More…

Switzerland

The franc took another hit from the dollar in yesterday’s trading session as economic data came out worse than expected. The USDCHF pair opened the Asian trading session at 1.0333 and ended the US session at 1.0370. More…

Pipnoculars: What’s on the Economic Horizon

All Eyes on Japan’s Tankan Index

Another Round of Job Losses in the US?

Canadian monthly GDP due today