Daily Economic Roundup – March 15, 2010

What’s on the Economic Horizon

Euro Zone’s 4Q Employment Change on Deck
Empire State Manufacturing Index to Fall to 22
BOJ Rate Decision This Week

United States

The US dollar bore the brunt last Friday as it fell against almost all the major currencies. The US dollar index, which tracks the performance of the dollar relative a basket of foreign currencies, ended the day at 80.27, last week’s lowest level. More…

Euro zone

The EUR extended its streak to 3 against the dollar and yen last Friday. The EURUSD soared to 1.3762 from 1.3680. The EURJPY, in a similar fashion, closed higher at 124.50 from 123.87. More…

United Kingdom

Up, up, and away! The pound soared against the greenback and the yen during the end of the trading week as risk appetite boosted demand for higher-yielders. Would it be able to stay up this week? More…

Japan

After losing ground to its major counterparts, would the Japanese yen suffer another round of weakness this week? I have a nasty feeling that something else other than risk appetite is weighing the yen down. More…

Canada

Sniff, sniff…. Is that, parity the CAD bulls are smelling?! The USDCAD just broke though key support at 1.0200 last Friday! Is it just a matter of time till we see the magical 1.000 level?! More…

Australia

The Australian dollar posted its 6th straight day of gains versus the dollar, as the AUDUSD closed the week at 0.9156. However, buying momentum seems to have slowed down, as the pair has failed to make new significant highs. What could be in store for us this week? More…

New Zealand

The Kiwi closed the last Friday’s trading mixed, gaining only 4 pips over the dollar. The NZDUSD rose slightly to 0.7013 from 0.7009. Will it finally break free from its range? We’ll find out in the coming hours or days. More…

Switzerland

Thanks to a surge in risk appetite, the Swissy found itself on the long end of the stick last Friday. The USDCHF closed out that day at 1.0583, almost 150 pips lower from its week open price. More…