Daily Economic Roundup – March 22, 2010

What’s on the Economic Horizon
ECB Head Trichet Set to Speak Today
BOE Governor King’s Speech on Deck
BOJ MPC Meeting Minutes to Be Released Later

United States

What a day for the dollar!! The greenback rolled through the markets, closing shop ahead against most majors despite the lack of any key economic data releases. More…

Euro Zone

The euro turned out to be the biggest loser last week, giving up a large amount of ground against both the dollar and the yen. By the end of the week, the EURUSD found itself drowning below the 1.3500 handle while the EURJPY fell to 122.30. More…

United Kingdom

After starting the week strong, the pound eventually squandered its huge lead to close the week behind the USD and JPY. It’s only win came over the debt-stricken EUR with the EURGBP slipping to 0.9012 from 0.9079. The GBPUSD, on the other hand, fell and closed at 1.5013 after reaching a high of 1.5383 from 1.5176. Similarly, the GBPJPY sunk to 135.93 from 137.86. More…

Japan

The Yen staged a rally last Friday against all the other majors except the dollar to close the week on a positive note. Will risk aversion surface this week to put the Yen back on the radar? We’ll have to wait and see. More…

Canada

Almost, but not quite! The Loonie came 60 pips short of reaching parity with the greenback last Friday as the Canadian retail sales report printed stronger than expected results. Still, the Loonie reached a new yearly high of 1.0062 before pulling back. More...

Australia

The Aussie fell victim to greenback strength last Friday, with heightened risk aversion pushing the AUDUSD to the 0.9150 area. Conflicts surrounding the Greek debt saga forced most higher-yielders to return their recent gains, pulling the AUDUSD down from its fresh two-month highs. More…

New Zealand

After topping out at 0.7180, the NZDUSD found itself dropping back to 0.7070 last Friday. It seems that risk aversion from all the uncertainty surrounding Greece spilled over to the NZDUSD, pushing it right back near its week open price. More…

Switzerland

The Swissy got taken to school on Friday, as the dollar bus sped away! The USDCHF closed the day at 1.0614, up 30 pips from its opening price. More…