Daily Economic Roundup – April 16, 2010

What’s on the Economic Horizon

UoM Consumer Sentiment Index Seen at 74.7
Euro Zone Annual CPI to Stay at 1.5%
All eyes on UK Political Debates
Switzerland’s PPI on Deck

United States

The USD had a nice little break as it rallied yesterday against all of the other majors except the GBP and JPY. Will the USD be able to build on its momentum to end the week on a positive note? More...

Euro zone

Ouch! The EURUSD took a really nasty fall yesterday as it crashed by more than a hundred pips during the latter half of the London session. The EURJPY’s performance was also dismal and it tumbled to a low of 126.10. More…

United Kingdom

Despite some strong moves by the dollar, the pound amazingly posted some gains versus the greenback. The GBPUSD pair closed trading just under the 1.5500 handle. Is the pound for real? Or was it just a lucky day? More…

Japan

Karate chop! The yen waxed in and waxed out against higher yielders, with its most impressive hits coming against the euro. The EURJPY dropped almost 100 pips to close at 126.37. More…

Canada

Yesterday, the CAD found itself giving up all of the ground it took from the USD last Wednesday. The USDCAD closed out the US trading session at 1.0032, almost 50 pips from its opening price during the Asian trading session. More…

Australia

Despite the case of risk aversion in the markets, the Aussie was able to hold its ground against the greenback in yesterday’s trading session. The AUDUSD closed out the US trading session hardly changed at 0.9334. It looks like the Aussie’s relatively high interest rate will continue to prop it up for the days and weeks to come. More…

New Zealand

Despite New Zealand’s strong manufacturing data, the Kiwi edged lower against the greenback in yesterday’s trading. The NZDUSD slid from the 0.7150 area to a low of 0.7104 during the US session. More…

Switzerland

The Swissy encountered a minor hump in yesterday’s trading as it closed at the negative side of the stick against the greenback. The USDCHF rebounded to 1.0561 from 1.0516. More…