Daily Economic Roundup – April 29, 2010

What’s on the Economic Horizon

UK House Prices Up by 0.4% in April
Japanese Inflation Reports on Deck
German Unemployment Change Seen at -11,000
Initial Jobless Claims to Expected Drop to 442K

United States

The dollar was unable to find a clear direction in yesterday. The dollar ended the day higher against the pound and the yen but slightly lower versus the comdolls and the euro. More…

Eurozone

The euro managed to salvage part of its losses against the yen and greenback following a very steep decline last Monday. The EURJPY rallied back to 124.24 from 122.77. The EURUSD, however, was only able to climb to 1.3201 from 1.3177. More…

United Kingdom

Another day of losses, argh! The pound can’t seem to catch a break this week as it kept sliding down against the greenback. Rumors that a UK debt saga could be in the works caused the pound to lose its appeal. More…

Japan

With Japanese traders on a holiday yesterday, the yen’s major counterparts took advantage and pocketed some gains of their own. At the end of the day, the yen was markedly weaker against the greenback and the Aussie. Still, it was able to put up a good fight against the euro and the pound. More…

Canada

A day after rising over 150 pips, the USDCAD gave back half of its gains as commodity trading picked up yesterday. The pair dropped about 80 pips from its opening price to end the day at 1.0090. More…

Australia

Mid-week reversal anyone? A day after getting swept away by a wave of risk aversion, the risk appetite high-tide came back to hit the trading shoreline. The AUDUSD erased almost all its losses from the previous day, rising 100 pips to close at 0.9248. More…

New Zealand

After slipping by more than a hundred pips, the Kiwi was able to bounce back and rally in yesterday’s trading. The NZDUSD recovered most of its losses by rising to 0.7204 from 0.7111. More…

Switzerland

The lack of hard-hitting economic news kept the Swissy’s price action range bound yesterday. The USDCHF just bounced around its session highs and lows, ending the US trading session barely changed at 1.0860. More…