Earlier in the Day: It’s was a relatively quiet start to the day on the economic calendar this morning. The Aussie Dollar was in action early on. For the
It’s was a relatively quiet start to the day on the economic calendar this morning. The Aussie Dollar was in action early on.
Retail sales figures were in focus. In July, retail sales rose by 3.2%, following on from a 2.7% rise in June. Economists had forecast a 3.3% rise.
According to the ABS,
The Aussie Dollar moved from $0.72751 to $0.72693 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.01% to $0.7274.
At the time of writing, the Japanese Yen was up by 0.07% ¥106.12 against the U.S Dollar, while the Kiwi Dollar was down by 0.07% to $0.6707.
It’s a relatively quiet day ahead on the economic calendar. Key stats include German factory orders for July and construction PMI numbers for August.
Expect the factory order figures to have the greatest impact on the day.
On the monetary policy front, ECB member Lane, who contributed to the EUR pullback earlier in the week, is also scheduled to speak later in the day.
Ahead of next week’s policy decision, the threat of more jawboning may continue to leave the EUR on the defensive.
At the time of writing, the EUR was down by 0.03% to $1.1848.
It’s a relatively quiet day ahead on the economic calendar. August’s construction PMI is due out later this morning.
Following gloomy chatter from Bank of England monetary policy committee members on Wednesday, any downward revisions would weigh on the Pound.
Ahead of more meaningful stats next week, however, any Brexit chatter will likely have a greater impact on the day.
On the monetary policy front, MPC member Saunders is scheduled to speak. Expect any dovish chatter to also influence.
At the time of writing, the Pound was down by 0.02% to $1.3279.
It’s another busy day ahead for the U.S Dollar. Key stats include August’s non-farm payrolls and the unemployment rate.
Following some unimpressive ADP numbers from Wednesday, today’s figures will need to impress. The weekly jobless claims figures from Thursday will have provided some optimism ahead of today’s figures.
Away from the economic calendar, any chatter from Washington will also need monitoring. It’s Friday, which tends to be one of Trump’s more favorite tweeting days…
The Dollar Spot Index was up by 0.03% to 92.764 at the time of writing.
It’s also a busy day ahead on the economic data front. Key stats include August employment numbers and the Ivey PMI.
We can expect both sets of numbers to influence ahead of the BoC monetary policy decision next week.
From elsewhere, any dire stats from the U.S would likely limit any upside for the Loonie.
At the time of writing, the Loonie was up by 0.05% to C$1.3121 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.