Daily Economic Roundup – April 21, 2010

What’s on the Economic Horizon

UK Employment Data and BOE Meeting Minutes Today
Japan’s Trade Surplus to Rise to ¥660 Billion
Canada’s Wholesale Sales to Post a 1.0% Gain

United States

Mixed trading for the dollar yesterday, as it fell against the pound but posted gains against the euro and yen. Hmmmm… dollar gaining versus the yen? Is risk appetite back in town? More…

Euro zone

After getting a boost from solid economic data, the EURUSD tested just above the 1.3500, before trekking lower as the dollar gained across the board. The pair eventually ended trading at 1.3442, down almost 50 pips for the day. More…

Japan

No thanks to improved risk appetite, the yen found itself holding on to the short end of the stick in yesterday’s trading session. It lost against all the major currencies like the pound, the euro, the Aussie and yes, even the dollar. More…

United Kingdom

Yesterday turned out to be a magnificent one for the pound, as it was able to post some gains against both the dollar and the yen. The Cable ended the day at 1.5363, while the Guppy closed out the day at 143.19. More…

Canada

The Loonie is back! The Loonie swamped the dollar yesterday following some hawkish statements by the Bank of Canada (BOC). The USDCAD sunk to 0.9988 after opening from 1.0149. More…

Australia

After two days of disappointment, the Aussie finally came through win a huge win over the greenback and the yen yesterday. The AUDUSD jumped to 0.9315 from 0.9229. Similarly, the AUDJPY surged to 86.77 from 85.27. More…

New Zealand

Zzzzzz… As expected, quiet trading on the Kiwi front, as the pair stayed within its daily range. The pair closed near its opening price, ending the day at 0.7110. More…

Switzerland

The Swissy slipped again versus the greenback in yesterday’s trading. The USDCHF rose to and closed at 1.0682 from 1.0631. The pair appears to be on an uptrend for the last week. Though, it might find some resistance at this month’s high of 1.0787. More…

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