Daily Economic Roundup – April 9, 2010

What’s on the Economic Horizon

Canada’s Employment Report on Deck
UK PPI for Input to Show a 1.3% Increase
French Industrial Figures on Tap

United States

‘Twas another day of mixed trading for the greenback as it went up and down against the currencies in yesterday’s trading session. Risk aversion was the name of the game during the Asian session but the greenback eventually gave up its gains once the US trading session went underway. More…

Euro zone

It looked like the EURUSD was going to test former lows, but some positive comments from the ECB helped the pair avoid bigger losses. After diving below the 1.3300 handle, the EURUSD came back up for air, closing at 1.3349. More…

Japan

It looks like the yen’s massive correction has finally come to an end as it ended the day with a loss in yesterday’s trading session. The yen fell against the dollar, the pound and the euro. More…

United Kingdom

Thanks to the positive results of economic data released yesterday, the pound was able to take back the ground it lost against the dollar during the Asian trading session. The GBPUSD ended the day at 1.5273. More…

Canada

The Loonie rallied during the middle of the US session to recover some of its previous losses. The USDCAD eventually closed lower at 1.0028 after reaching a high of 1.0106 from 1.0051. More…

Australia

The Aussie closed mixed yesterday against the yen and dollar. The AUDJPY closed at 86.63 after touching a low of 85.70 from 86.58. Similarly, the AUDUSD settled at 0.9280 after finding itself at a low of 0.9222 from 0.9278. More…

New Zealand

Range, range, range… That’s all the NZDUSD has been doing as of late! The pair traded within a range of about 70 pips yesterday, to close the day at 0.7062. More…

Switzerland

Thanks to the round of risk appetite late in the US session, the Swiss franc was able to regain the ground it lost early in the day. The USDCHF ended the day at 1.0738, just four pips higher from its Asian session open price. More…