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A Busy Economic Calendar Puts the EUR, the Pound, the Loonie, and the Dollar in Focus

By:
Bob Mason
Published: Jul 22, 2021, 23:12 UTC

It's a busy day ahead on the economic calendar. Prelim private sector PMIs for July are due out. For the Loonie and the Pound, retail sales figures will also influence.

Currency

In this article:

Earlier in the Day:

It was another particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the markets with direction in the early hours.

The Majors

At the time of writing, the Japanese Yen was down by 0.01% to ¥110.150 against the U.S Dollar, while the Aussie Dollar was up by 0.01% to $0.7380. The Kiwi Dollar was up by 0.06% to $0.69740.

The Day Ahead

For the EUR

It’s a busy day ahead on the economic data front. Prelim private sector PMIs for France, Germany, and the Eurozone will be in focus through the European session.

Expect plenty of EUR sensitivity to the numbers. We have seen some disappointing economic data of late. Weak numbers would further test support for the EUR.

At the time of writing, the EUR was up by 0.01% to $1.1772.

For the Pound

It’s a busy day ahead on the economic calendar. Prelim private sector PMIs for July and retail sales figures for June will be in focus.

Expect the UK’s retail sales and services PMI to be the key drivers. The markets will be looking to assess any damage from the upward trend in new COVID-19 cases.

At the time of writing, the Pound was flat at $1.3768.

Across the Pond

It’s a relatively busy day ahead on the economic calendar. Prelim private sector PMIs for July will be in focus late in the day.

The services PMI will be the key driver.

On Thursday, the Dollar Spot Index rose by 0.07% to end the day at 92.822.

For the Loonie

It’s a relatively quiet day ahead on the economic calendar. Retail sales figures will provide the Loonie with direction late in the day.

At the time of writing, the Loonie was down by 0.01% to C$1.2564 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.

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