The Day Ahead:
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Finalized November inflation figures are due out of France and Italy.
Barring any marked revisions from prelims, however, we don’t expect the figures to have a material impact on the EUR.
COVID-19 news and further chatter on Brexit will influence.
At the time of writing, the EUR was up by 0.12% to $1.2159.
For the Pound
It’s a busy day ahead on the economic calendar. Key stats include November claimant count and October employment change and unemployment figures.
Wage growth figures for October are also due out but will likely have a muted impact on the day.
While the stats will influence ahead of Thursday’s BoE monetary policy decision, Brexit chatter will also remain in focus.
At the time of writing, the Pound was up by 0.11% to $1.3339.
Across the Pond
It’s a relatively busy day ahead on the economic calendar. NY Empire State Manufacturing figures are due out along with industrial production and import and export price figures.
We would expect December’s NY Empire State and November’s industrial production figures to have the greatest influence.
Away from the economic calendar, however, updates from stimulus talks on Capitol Hill will influence.
At the time of writing, the Dollar Spot Index was down by 0.06% to 90.658.
For the Loonie
It’s a relatively busy day ahead on the economic data front. Key stats include November housing starts and October Manufacturing Sales figures.
Barring particularly dire numbers, however, the stats will likely have a muted impact on the Loonie.
The IEA’s monthly report, COVID-19 news updates, and chatter from Capitol Hill will be key drivers on the day.
At the time of writing, the Loonie was up by 0.05% to C$1.2758 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.