It's a relatively busy day ahead on the economic calendar, with the French and U.S economies back in focus later today.
It was a quiet start to the day on the economic calendar this morning. The Japanese Yen was in action this morning.
Inflation figures were in focus.
In May, core consumer prices in Tokyo fell by 0.2%, year-on-year, which was in line with forecasts. In April, core consumer prices had also fallen by 0.2%.
According to the Ministry of Internal Affairs and Communication,
The Japanese Yen moved from ¥109.833 to ¥09.848 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.12% to ¥109.94 against the U.S Dollar.
At the time of writing, the was Aussie Dollar was down by 0.08% to $0.7741, with the Kiwi Dollar down by 0.23% to $0.7276.
It’s a relatively busy day ahead on the economic data front, with the French economy in focus.
French consumer spending, finalized GDP, and prelim inflation figures are due out later this morning.
Expect plenty of interest in the numbers, which will provide the EUR with direction.
At the time of writing, the EUR was down by 0.11% to $1.2182.
It’s another 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 0.12% to $1.4190.
It’s a busy day ahead on the calendar. Key stats include core PCE Price Index figures along with personal spending, consumer sentiment figures.
Other stats include trade data and PMI numbers for Chicago. We would expect these numbers to have limited impact on the Greenback, however.
At the time of writing, the Dollar Spot Index was up by 0.12% to 90.082.
It’s another quiet day ahead on the economic data front. There are no material stats due out of Canada.
The lack of stats will continue to leave the Loonie in the hands of market risk sentiment.
At the time of writing, the Loonie was down by 0.13% to C$1.2082 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.