Economic Data from the Eurozone and Canada in Focus ahead of the FOMC Meeting Minutes

Earlier in the Day:

It was a quiet start to the day on the economic calendar this morning. Following a busy start to the week, there were no major stats for the markets to consider through early part of the Asian session.

For the Majors

At the time of writing, the Japanese Yen was down by 0.02% to ¥110.640 against the U.S Dollar, with the Aussie Dollar down by 0.04% to $0.7494. The Kiwi Dollar was up by 0.09% to $0.7017.

The Day Ahead

For the EUR

It’s a quieter day ahead on the economic data front. German industrial production figures for May are due out later today.

With little else for the markets to consider, expect the numbers to influence.

Any material moves to the upside may be on hold, however, as the markets look towards the FOMC meeting minutes due out late in the day.

At the time of writing, the EUR was down by 0.03% to $1.1821.

For the Pound

It’s a quiet day ahead on the economic calendar. House price figures for June are due out later today.

The numbers are unlikely to influence, however, with the markets continuing to monitor COVID-19 news near-term.

At the time of writing, the Pound was up by 0.01% to $1.3802.

Across the Pond

JOLTs job openings for May are due out later in the day. Following last week’s nonfarm payrolls, we don’t expect too much influence from the numbers.

Late in the U.S session, the FOMC meeting minutes are also due out, however, and will have a material impact on the markets.

On Tuesday, the Dollar Spot Index rallied by 0.36% to end the day at 92.546.

For the Loonie

It’s a relatively quiet day ahead on the economic data front. June’s Ivey PMI is due out later today.

Expect the numbers to influence along with crude oil inventory numbers.

At the time of writing, the Loonie was up by 0.02% to C$1.2459 against the U.S Dollar.

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