Economic Data from the U.S to Put the Dollar in the Spotlight

Earlier in the Day:

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

For the Majors

At the time of writing, the Japanese Yen was up by 0.13% to ¥110.250 against the U.S Dollar, while the Aussie Dollar down by 0.07% to $0.7380. The Kiwi Dollar was down by 0.14% to $0.6994.

The Day Ahead

For the EUR

It’s a particularly quiet day ahead on the economic data front. There are no material stats due out of the Eurozone to provide the EUR with direction.

The lack of stats will leave the EUR in the hands of market risk sentiment on the day, with COVID-19 remaining a key area of focus.

At the time of writing, the EUR was up by 0.01% to $1.1804.

For the Pound

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

At the time of writing, the Pound was up by 0.02% to $1.3821.

Across the Pond

It’s a relatively busy day ahead on the economic calendar. Durable and core durable goods and consumer sentiment figures are due out later today.

Expect core durable goods orders and consumer confidence figures to be the key drivers later in the day.

At the time of writing, the U.S Dollar Spot Index was down by 0.04% to 92.6140.

For the Loonie

It’s another quiet day on the economic calendar, with no major stats due out to provide the Loonie with direction.

The lack of stats will continue to leave the Loonie in the hands of market risk sentiment on the day.

At the time of writing, the Loonie was up by 0.04% to C$1.2546 against the U.S Dollar.

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