It's a busier day ahead on the economic calendar, with private sector PMIs for November in focus. Away from the economic calendar, however, COVID-19 news updates will also influence.
It’s a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action in the early hours.
Retail sales fell by 8.1% in the 3rd quarter, quarter-on-quarter, following a 3.3% increase in the previous quarter.
According to NZ Stats,
The Kiwi Dollar moved from $0.69559 to $0.69513 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.07% to $0.6953.
At the time of writing, the Japanese Yen was up by 0.03% to ¥114.850 against the U.S Dollar, while the Aussie Dollar was flat at $0.7225.
It’s a busy day ahead on the economic calendar. November private sector PMIs for France, Germany, and the Eurozone will be in focus.
While the stats will draw plenty of interest, however, any more negative COVID-19 news updates would likely overshadow positive data.
At the time of writing, the EUR was up by 0.02% to $1.1239.
It’s a relatively busy day ahead on the economic calendar. Prelim November private sector PMIs will be in focus later this morning.
Expect the services PMI to be the key driver. With inflationary pressures on the rise, a marked pickup in service sector activity would support a more hawkish BoE.
At the time of writing, the Pound was down by 0.02% to $1.3394.
It’s also a relatively busy day ahead on the economic calendar. Prelim November private sector PMIs will be in focus later in the day.
We can also expect the services PMI to have the greatest impact on the Dollar and market risk sentiment,
On Monday, the U.S Dollar Spot Index rose by 0.49% to end the day at 96,497.
It’s a particularly quiet day ahead, with no major stats to consider.
The lack of stats will leave the Loonie in the hands of private sector PMIs and impact on crude oil prices.
At the time of writing, the Loonie was down by 0.03% to C$1.2704 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.