FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
44,113,743Confirmed
1,169,178Deaths
32,324,089Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
World currency exchange rates on world map

Earlier in the Day:

It’s was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action early on.

Away from the economic calendar, updates on Brexit and U.S stimulus talks were also in focus as the markets responded to disappointing economic data from the U.S.

Advertisement

For the Kiwi Dollar

In September, the Business PMI rose from 50.70 to 54.0. In August, the PMI had fallen from 58.8 to 50.7.

The Kiwi Dollar moved from $0.66015 to $0.65993 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.02% to $0.6599.

Elsewhere

At the time of writing, the Japanese Yen was up by 0.08% ¥105.37 against the U.S Dollar, while the Aussie Dollar was down by 0.08% to $0.7088.

Advertisement

The Day Ahead:

For the EUR

It’s a relatively quiet day ahead on the economic calendar. Key stats include finalized September inflation figures for Italy and the Eurozone and August trade figures for the Eurozone.

Barring a marked downward revision to Eurozone inflation figures, however, the stats should have a muted impact on the EUR.

Away from the economic calendar, COVID-19 news and Brexit will remain key drivers on the day.

At the time of writing, the EUR was down by 0.02% to $1.1706.

For the Pound

It’s a quiet day ahead on the economic calendar. There are no material stats due out to provide the Pound with direction.

A lack of stats will leave the markets to react further to the EU Summit. Covid-19 containment measures, announced in the week, will also test Pound support on the day.

Following a disappointing outcome to the EU Summit, where no progress was made, Boris Johnson is due to make a statement today. The deadline has now passed and no framework for an agreement is in place. Will the British PM pull the plug?

At the time of writing, the Pound was down by 0.05% to $1.2902.

Across the Pond

It’s another busy day ahead for the U.S Dollar.

Key stats include September retail sales and industrial production figures along with October consumer sentiment figures.

Expect the retail sales and consumer sentiment figures to be the key drivers on the day.

Away from the economic calendar, U.S politics, and updates from Capitol Hill will also influence on the day.

The Dollar Spot Index rose by 0.51% to 93.856 on Thursday.

For the Loonie

It’s a relatively quiet day ahead. Key stats due out of Canada include August manufacturing sales and foreign securities purchases.

Barring particularly dire numbers, however, we would expect the stats to have limited influence on the Loonie.

Expect updates on new COVID-19 cases and market risk sentiment to be the key drivers on the day.

At the time of writing, the Loonie was down by 0.03% to C$1.3225 against the U.S Dollar.

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

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US