Economic Data from Germany Puts the EUR in the Spotlight

Earlier in the Day:

It was a quiet start to the day on the economic calendar this morning. There were no major stats for the Asian markets to consider in the early hours. The lack of stats left the markets to respond to the U.S nonfarm payroll numbers from Friday.

The Majors

At the time of writing, the Japanese Yen was down by 0.02% to ¥109.730 against the U.S Dollar, with the Aussie Dollar down by 0.09% to $0.7453. The Kiwi Dollar was down by 0.04% to $0.7155.

The Day Ahead

For the EUR

It’s a relatively quiet start to the week on the economic data front.  German factory orders are due out along with German construction PMI figures.

Following some disappointing numbers out of China last week, weak factory orders would likely test EUR support upon release.

At the time of writing, the EUR was up by 0.02% to $1.1882.

For the Pound

It’s a relatively quiet day ahead on the economic calendar. Construction sector PMI numbers for August are due out later today.

We don’t expect too much influence from the numbers, however, leaving the Pound in the hands of market risk sentiment.

At the time of writing, the Pound was down by 0.05% to $1.3864.

Across the Pond

There are no stats due out of the U.S, with the markets closed for Labor day.

At the time of writing, the U.S Dollar Spot Index was flat at 92.116.

For the Loonie

There are no stats due out of Canada, with the Canadian markets closed for Labor Day. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.

At the time of writing, the Loonie was down by 0.03% to C$1.2528 against the U.S Dollar.

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