Daily Economic Roundup – March 19, 2010

What’s on the Economic Horizon

German PPI on Deck
Upside Surprise in Japan’s All Industries Activity Index?
Retail Sales to push CAD even higher?

United States

The dollar turned out to be the Alpha-currency on Thursday’s trading session, leading ahead against the entire pack. The US dollar index, which tracks the performance of the dollar against a fixed basket of currencies, rose to 80.84 from 80.19. More…

Euro zone

The EUR slipped again yesterday, losing by more than a hundred pips vis-à-vis the greenback and the yen. The fiber (EURUSD) fell and settled at 1.3608 from 1.3738. Similarly, the EURJPY also declined to 122.99 from 124.06. More…

United Kingdom

The pound weakened yesterday as the public sector net borrowing for February pushed the UK’s debt to GDP ratio much higher. As a result he cable slid to the 1.5300 area while the guppy fell to a low of 127.03. More…

Japan

Although the yen was able to strengthen against the pound and the euro yesterday, it was unable to bust out of its range-bound movement with the greenback. In fact, the USDJPY has been bouncing between the 90.00 area and the 90.75 level for this entire week! More…

Canada

The CAD finally took a fairly significant hit against the USD, giving up all its gains from the previous day. However, with one more round of trading to end the week, will the CAD bulls land a final blow take the pair at parity? More…

Australia

An uneventful day from Australia left the AUDUSD within range, although the pair did close slightly lower at 0.9208. With the week coming to a close, could we see some profit taking take place today? More…

New Zealand

After two big days, the Kiwi suddenly turned on its snooze mode and traded flat against the greenback yesterday. The NZDUSD pair actually just traded within a 56-pip range, closing at 0.7147 from 0.7141. More…

Switzerland

The Swissy found itself dazed and confused in yesterday’s trading session. The currency was able to edge up against the euro, but failed to rally strongly versus the dollar. The EURCHF is currently trading below the 1.4400 handle, very near to its all-time low of 1.4300. Will the SNB intervene soon? More…