Daily Economic Roundup – March 29, 2010

What’s on the Economic Horizon

US Personal Income and Spending Data Due
Euro zone CPI Figures on Deck
A New Trend Developing in NZ Building Consents?
Household Spending in Japan To Have Climbed Again In Feb

United States

Screech! The greenback hit the brakes on its rally last week, allowing most majors to keep up. Still, the greenback outpaced the com-doll pack even though it lagged behind the euro, pound, and yen last Friday. More…

Euro zone

After breaking through key support in the middle of last week, the EURUSD was able to recuperate much of its losses last Friday as traders reacted favorably to news coming out of the EU summit. After hitting a low of 1.3268, the EURUSD rose back up to end the week at 1.3408. More…

Japan

Due to the lack of economic news from Japan, the yen was unable to find direction last Friday. The currency managed to gain against US dollar but lost out versus the euro and the pound. More…

United Kingdom

Thanks to “positive” news from euro zone, the Cable was able to retrace some of its losses last Friday. From Asian opening price that day of 1.4810, the Cable managed to rally and close out the week just a couple of pips below the 1.4900 handle. More…

Canada

Last week was not a good one for the Loonie bulls. After touching low of 1.0062 on March 15, the USDCAD bounced back and rose to 1.0304 from 1.0173. More…

Australia

The Aussie lost again versus the greenback in last Friday’s trading. The AUDUSD fell to and settled at 0.9041 from 0.9074. Can the Aussie get back on its feet and win against the dollar this week? Perhaps. More…

New Zealand

The Kiwi stayed within range once again, as there was no major news to provide fuel for a strong move. The NZDUSD closed right smack at its opening price of 0.7037 to end Friday. More…

Switzerland

The Swissy put up a valiant fight last Friday, struggling to put an end to the greenback’s raids. The USDCHF was unable to move past the 1.0750 mark and retreated to a low of 1.0636 instead. More…