The Day Ahead:
For the EUR
It’s a relatively quiet day ahead on the economic calendar. From France, job seeker figures are due out later today. Barring particularly dire numbers, the impact on the EUR will likely be muted, however.
November’s private sector PMI numbers and containment measures to curb the spread of COVID-19 will impact labor market conditions. Weak numbers should, therefore, not be a surprise.
From the ECB, the Financial Stability Review will have an influence. How the ECB views financial stability amidst the economic meltdown is of particular relevance to what lies ahead on the policy front.
At the time of writing, the EUR was up by 0.09% to $1.1903.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out, leaving the Pound in the hands of Brexit and market risk sentiment.
At the time of writing, the Pound was up by 0.02% to $1.3360.
Across the Pond
It’s also a particularly busy day ahead for the U.S Dollar. A data deluge ahead of Thanksgiving puts the Dollar and riskier assets in the spotlight.
Key stats include the weekly jobless claims, core durable goods, 2nd estimate GDP, and personal spending figures.
Other stats due out include inflation, durable goods, consumer sentiment, and new home sales figures. These stats should have a relatively muted impact on the Dollar and the broader financial markets, however.
On the monetary policy front, the FOMC meeting minutes will also influence late in the session.
The markets are expecting the FED to deliver more support amidst the political wrangling on Capitol Hill. Failure by lawmakers to deliver a COVID-19 stimulus package has put the onus back on the FED.
At the time of writing, the Dollar Spot Index was down by 0.11% to 92.122.
For the Loonie
It’s another quiet day on the economic data front. There are no material stats due out to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of U.S economic data and politics, and COVID-19 news updates.
At the time of writing, the Loonie was flat at C$1.2998 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.