Advertisement
Advertisement

Economic Data Puts the EUR, the Loonie, and the Greenback in Focus

By:
Bob Mason
Published: Oct 21, 2021, 01:36 UTC

It's a busier day ahead on the economic calendar, with central bank chatter and crude oil prices also to drive market risk sentiment.

Depositphotos_2967504_s-2019

In this article:

Earlier in the Day:

It was a quieter start to the day on the economic calendar this morning. The Aussie Dollar was in action in the early hours of the day.

For the Aussie Dollar

The NAB Business Confidence Index fell from +18 to -1 in the 3rd quarter.

The Aussie Dollar moved from $0.75245 to $0.75260 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.19% to $0.7530.

Elsewhere

At the time of writing, the Japanese Yen was down by 0.09% to ¥114.410 against the U.S Dollar, with the Kiwi Dollar down by 0.01% to $0.7201.

The Day Ahead

For the EUR

It’s a relatively busy day ahead on the economic calendar. Consumer sentiment figures for Germany will be in focus ahead of the European open. With consumption a key component of the Eurozone economic recovery and inflationary pressures persisting, expect the numbers to influence.

Late in the day, flash Eurozone consumer confidence figures for October will also be key.

At the time of writing, the EUR was up by 0.04% to $1.1656.

For the Pound

It’s a relatively quiet day ahead on the economic calendar, with CBI Industrial Trends Orders for October in focus.

With little else for the markets to consider on the day, expect Pound sensitivity to the numbers.

At the time of writing, the Pound was down by 0.01% to $1.3822.

Across the Pond

It’s a busy day ahead. Philly FED Manufacturing PMI and weekly jobless claims figures are the major stats of the day.

A further fall in jobless claims will be key.

Other stats include existing home sales figures for September that should have a muted impact on the day.

At the time of writing, the U.S Dollar Spot Index was up by 0.03% to 93.583.

For the Loonie

It’s a quieter day ahead for the Loonie, with housing sector data for September in focus.

We don’t expect the numbers to influence, however, leaving the Loonie in the hands of crude oil prices and market risk sentiment.

At the time of writing, the Loonie was up by 0.03% to C$1.2317 against the U.S Dollar.

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

About the Author

Bob Masonauthor

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.

Did you find this article useful?

Advertisement