The EUR and the USD are back in focus today. Following the FED's shift in policy, will the ECB Economic Bulletin and member chatter suggest a similar shift?
It was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action in the early hours.
In November, building consents rose by 0.6%, partially reversing a 2.1% decline from October.
According to NZ Stats,
The Kiwi Dollar moved from $0.68941 to $0.68 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.06% to $0.6846.
At the time of writing, the Aussie Dollar was up by 0.03% to $0.7286, while the Japanese Yen was flat at ¥114.640 against the U.S Dollar.
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction. From the ECB, however, the ECB Economic Bulletin and member chatter will draw interest. ECB members De Guindos, Hakkarainen, and Elderson are scheduled to speak.
The big question remains whether the ECB will continue to stand by its transitory view on inflation.
At the time of writing, the EUR was flat at $1.1442.
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats from the UK to provide the Pound with direction later today.
At the time of writing, the Pound was up by 0.04% to $1.3705.
It’s a relatively busy day ahead, with December wholesale inflation and jobless claims figures due out later today. Both sets of numbers will draw interest, following the Dollar’s stumble on Wednesday.
On Wednesday, the U.S Dollar Spot Index slid by 0.65% to 94.999.
It’s another quiet day ahead. There are no material stats from Canada to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.02% to C$1.2506 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.