Consumer Confidence Puts the Greenback in Focus
Earlier in the Day:
It was another particularly quiet start to the week on the economic calendar this morning. There were no major stats for the markets to consider in the early hours.
For the Majors
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. There are no material stats due out to provide the EUR with direction.
The lack of stats will leave the EUR in the hands of market sentiment towards Thursday’s ECB policy decision.
At the time of writing, the EUR was up by 0.03% to $1.1612.
For the Pound
It’s also a quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
At the time of writing, the Pound was down by 0.01% to $1.3766.
Across the Pond
It’s a relatively quiet day ahead. Consumer confidence and housing sector data are due out late in the day.
While housing sector data will draw interest amidst rising mortgage rates and house prices, consumer confidence will be the key stat.
On Monday, the U.S Dollar Spot Index rose by 0.19% to end the day at 93.818.
For the Loonie
It’s a particularly quiet day ahead for the Loonie, with no material stats to provide direction.
The lack of stats will leave the Loonie in the hands of crude oil prices as the markets look ahead to tomorrow’s BoC policy decision.
At the time of writing, the Loonie was flat at C$1.2382 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.