The Day Ahead:
For the EUR
It’s a relatively busy day ahead on the economic calendar. November’s ZEW Economic Sentiment figures for Germany and the Eurozone are due out.
We can expect EUR sensitivity to the numbers as the markets get a sense of what impact the 2nd wave pandemic is having on sentiment.
Away from the economic calendar, expect continued support from Biden’s victory. Any updates on COVID-19 and Brexit will also influence.
At the time of writing, the EUR was up by 0.19% to $1.1835.
For the Pound
It’s a busy day ahead on the economic calendar. October claimant count figures and September’s unemployment rate will be the key drivers.
Wage growth and employment change figures are also due out but should have less of an impact on the day.
Earlier in the morning, BRC Retail Sales Monitor figures for October were in focus.
According to the BRC, retail sales rose by 5.2% in October year-on-year, following a 6.1% jump in September.
At the time of writing, the Pound was up by 0.17% to $1.3189.
Across the Pond
It’s a quiet day ahead for the U.S Dollar. JOLTs job openings for September are due out later today.
Concerns over the labor market recovery linger, making labor market figures all the more influential.
Away from the economic calendar, chatter from Capitol Hill and COVID-19 news updates will continue to provide direction.
At the time of writing, the Dollar Spot Index was down by 0.10% to 92.629.
For the Loonie
It’s a quiet day on the economic data front. There are no material stats to provide the Loonie with direction on the day.
A lack of stats will leave the Loonie in the hands of market risk sentiment and COVID-19 news updates.
At the time of writing, the Loonie was up by 0.02% to C$1.3004 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.