Daily Economic Roundup – March 9, 2010

What’s on the Economic Horizon

UK Trade Deficit Expected to Narrow
Swiss Consumer Prices to Have Risen 0.2% in Feb
Westpac Consumer Sentiment Index – Upside Surprise?

United States

Down and up the dollar went yesterday, losing out early in the Asian and European trading session but eventually bounced back to life once the US trading session went underway. The dollar was able to post some gains across the board, particularly against the pound. More…

Euro zone

The Euro closed flat against the dollar and yen yesterday due to a lack of economic reports in the euro zone and the US. The EURUSD booked a pip by closing at 1.3631 after reaching a high of 1.3705 from 1.3630. The EURJPY, on the other hand, fell slightly to 123.08 from 123.26. More…

United Kingdom

Weighed down by the lack of good news from the UK, the pound erased most of its recent gains against the greenback and the yen. As a result, the GBPUSD dipped to the 1.5030 level while the GBPJPY fell to a low of 135.67. More…

Japan

The Japanese yen struggled to stay afloat in yesterday’s trading as it held its ground against the greenback and strengthened against the euro and pound. Although Japan didn’t release any economic figures, reports highlighting the strength in their export industry provided support for the yen. More…

Canada

After gapping lower to start the week, USDCAD trading was pretty quiet yesterday. The pair finished just 8 pips lower, to end the day at 1.0277. Could the CAD’s bullish momentum be slowing down? More…

Australia

The Aussie looked headed for big gains early yesterday, hitting a 7 week high. However, it couldn’t sustain its gains and ended up only marginally ahead, as the AUDUSD closed at 0.9094. More…

New Zealand

The Kiwi was able to extend its win last Friday over the greenback to start the week despite the lack of economic flows in New Zealand and the US. The NZDUSD rose to 0.7002 from 0.6955. More…

Switzerland

The Swissy started out Monday on firm note, winning out against the dollar during the Asian trading session. The rally proved to be short-lived though, as the Swissy gave up all of its gains by the end of the day. The USDCHF closed the US trading session at 1.0733, a mere three pips lower from its open price this week. More…