Daily Economic Roundup – March 18, 2010

What’s on the Economic Horizon

US CPI Figures on Deck Later
Euro Zone Current Account Balance on Tap
UK CBI Industrial Orders Expected to Show Improvement

United States

The greenback was almost completely shut out in yesterday’s trading, winning only against the euro and closing flat versus the yen. The USD flat out lost again vis-à-vis the other majors. Will the dollar-selling continue today or will the dollar bulls finally take the driver seat? More…

Euro zone

Newsflash: The Greek debt drama is far from over! It seems like Germany is having second thoughts about providing aid to the heavily indebted fellow euro zone nation, causing the EUR to weaken against the USD and JPY. More…

United Kingdom

For the second day in a row,the GBP bulls went to work, as pound pairs found themselves hitting two-week highs! The GBPUSD closed at 1.5326, up over 70 pips for the day. More…

Japan

The USDJPY has been stuck in range for over a week now, as the pair didn’t move from its opening price. Could we be in line for a big move soon? More…

Canada

For the second day in a row, the Loonie inched closer to parity and ended up higher against the dollar. The USDCAD ended the day at 1.0101, 50 pips lower from its opening price during the Asian trading session. More…

Australia

It appears that the third times the charm for the Aussie as it was finally able to bust through the 0.9200 handle yesterday. The AUDUSD managed to climb as high as 0.9252 before deciding to settle at 0.9236 at the end of the US trading session. More…

New Zealand

The Kiwi hit the high notes yesterday as it climbed to a high of 0.7179 against the greenback. Even though New Zealand didn’t release any economic reports then, the Kiwi was able to deliver a stellar performance as the upbeat sentiment for the commodity-based economies provided a boost. More…

Switzerland

The Swissy was able to edge the greenback and the euro once again in yesterday’s currency showdown. The USDCHF fell to as low as 1.0507 before closing at 1.0541 from 1.0547. The EURCHF, on the other hand, hit a new 16-month low when it fell to 1.4475 from 1.4522. Will the Swiss National Bank intervene soon to halt the CHF’s ascent? More…