Daily Economic Roundup – April 30, 2010

What’s on the Economic Horizon
Canadian GDP to Post Upside Surprise?
US GDP Slows Down to 3.4%
Joblessness in Euro zone to Remain at 10.0%
BOJ Interest Rate Decision Today

United States

Looks like risk appetite came back, as even the euro and pound posted decent gains versus the dollar yesterday. With it being a Friday, could we see the dollar continue to fall? Or will it end the week with a bang? More…

Euro Zone

Despite better-than-expected results on economic data that came out of Germany, it seems that the euro is still having difficulty in finding buyers. We saw this yesterday, when the EURUSD failed to burst through Wednesday’s highs at 1.3265. More…

United Kingdom

The pound booked a nice win over the yen and greenback in yesterday’s trading. The cable (GBPUSD) rose to and closed at 1.5323 from 1.5190. The guppy (GBPJPY) also climbed to 144.15 from 142.96. More…

Japan

The yen incurred a loss against all of the major currencies excluding the dollar yesterday as risk appetite seemed to have made a comeback again. The US’s S&P 500, for one, closed with a 1.63% gain, suggesting that traders could have funded their equity holdings with the cheaper yen. More…

Canada

After hitting a high of 1.0198 this week, the USDCAD fell closer and closer to the 1.0000 handle in the past couple of days. Canada didn’t release any economic reports yesterday but the Loonie’s recent rally suggests that traders could be anticipating some good news from Canada today. More…

Australia

Despite the dip in Australia’s leading index, the Aussie was able to make headway against the greenback and the yen yesterday. The AUDUSD edged closer to the psychological 0.9300 handle while the AUDJPY landed above the 87.00 mark. More…

New Zealand

The Kiwi went on a wild ride yesterday, falling early on during the Asian session but bouncing up fiercely once the European and US trading sessions went underway. The NZDUSD eventually ended the day higher at 0.7233. More…

Switzerland

The Swissy gained for the second day in a row, as risk appetite helped boost the European currencies. The USDCHF finished by 33 pips, to end the day at 1.0826. More…