Top FX Headlines: April 17th

Published April 17th, 2007 - 04:51 GMT
Al Bawaba
Al Bawaba

U.S March consumer prices report in line 0.6 percent on the month, core prices remain soft

GBPUSD traded above the 2.00 level for the first time since Sept 1992, pre-ERM crisis levels.

German April ZEW sentiment jumped to 16.5 (median 12.0) from 5.8 in Mar; Hike expectations remain strong

U.K. March CPI surged to 3.1% versus consensus 2.8%, supporting May rate hike.  King letter states MPC will carefully consider inflationary data at its next meeting

Japan consumer sentiment showed expected m/m seasonal dip, Japan March consumer confidence +47.2 - lower than expected

Japanese Finance Minister Koji Omi says that euro's record highs are more attributed to regional European strength rather than Yen weakness. 

 

New Zealand Finance Minister Cullen continues to press NZD appreciation: "New Zealand's dollar is persistently high and blocking a recovery in exports, leaving the nation's economy dominated by domestic spending."

Swiss adjusted real retail sales rise 4.5 percent for February higher than consensus expectations.

 

Aussie moves towards a test of the 0.8400 figure, likely pulling back on profit taking.