Daily Economic Roundup – April 26, 2010

What’s on the Economic Horizon
ECB Head Trichet Scheduled to Testify Today
RBNZ Interest Rate Decision This Week
UK CBI Realized Sales on Deck Tomorrow

United States

Friday’s trading session bought mixed results for the dollar , as it zoomed ahead against the yen, but gave up much of its gains against the euro. With some high impact reports on deck this week, what could be in store for the currency markets? More…

Euro zone

Ah, here we go again… More news from Greece. Apparently, the EURUSD got a “relief rally” last Friday when Greece finally to formally ask the European Union and International Monetary Fund for help with their debt problems. From its low of 1.3202 that day, the EURUSD rallied furiously throughout the day to close the week at 1.3374. More…

United Kingdom

The pound closed mixed in last Friday’s trading session. The GBPUSD dipped slightly to 1.5379 from 1.5386. The GBPJPY, on the other hand, rose to 144.60 from 144.02. More…

Japan

Friday was another day of disappointment for the yen bulls as the JPY incurred a broad-based loss against all the other majors. Will the JPY be able to stage a rally this week? Stay tune. More…

Canada

After the USDCAD hit a high of 1.0066 last Friday, the loonie put up a valiant fight and struggled to land back below parity. Would it be able to stay below the 1.0000 handle this week? More…

Australia

The Aussie lost its mojo last Friday and fell to a low of 0.9171 against the greenback after RBA Governor Glenn Stevens hinted that the central bank would no longer be aggressive with its rate hikes. Would the Aussie be able to bounce back this week? More…

New Zealand

Thanks to the “positive” news that Greece decided to activate the €45 billion joint EU-IMF bailout package, the Kiwi was able to rally slightly higher against the greenback last Friday. The NZDUSD ended the week at 0.7163, up around 50 pips from its Asian session opening price that day. More…

Switzerland

It looked as if the franc was going to take another beating against the dollar, but luckily, it got a boost from the neighboring euro. As the EURUSD pushed higher, this allowed the CHF bulls to ride along, which led to the USDCHF closing over 100 pips lower from its high for the day. More…