Daily Economic Roundup – March 30, 2010

What’s on the Economic Horizon

US CB Consumer Confidence Due Later
Darling Set To Speak Today
Retail Sales in Australia Expected To Rise by 0.3%

United States

The greenback woke up yesterday on the wrong side of the bed as it got trumped by all of the other majors except the yen and the euro. The return of risk appetite led investors to buy up the high yielding currencies and to sell the USD. More…

Euro zone

The EUR was still on recovery mode yesterday as it climbed against the USD and JPY. Aside from the slow return of investors’ confidence in the EUR, strong economic reports were also able to push the EURUSD towards the 1.3500 handle and keep the EURJPY above the 124.00 mark. More…

United Kingdom

Up and down trading for the pound yesterday, although it remained within range considering how volatile GBP pairs are. After covering the weekend gap, the GBPUSD closed slightly higher, finishing the day at 1.4982. More…

Japan

Yen crosses took some hits in yesterdays trading rounds, as higher yielders benefited from a run of risk appetite. The EURJPY and GBJPY both saw themselves floating slightly higher. Could we see the same today? Or will the yen strike back? More…

Canada

The Loonie found itself on the winning side of the fence yesterday. The USDCAD, after hitting a high of 1.0304 last Friday, fell on heels of risk appetite to close out the US trading session at 1.0211. More…

Australia

Thanks to some unexpected hawkish comments from RBA Governor Glenn Stevens, the Aussie was able to stage a stellar rally in yesterday’s trading session. The AUDUSD found itself at 0.9177 by the end of the US trading session, almost 150 pips higher from its week open price. More…

New Zealand

The Kiwi was able to make some progress in yesterday’s trading as it rallied to a high of 0.7117 against the US dollar. Would it be able to hold on to its gains or even push for more today? More…

Switzerland

The Swissy had a bad hair day yesterday as it slumped against both the EUR and the USD. The EURCHF rose to and closed at 1.4321 from 1.4279. Similarly, the USDCHF also reached 1.0624 from 1.0592. More…