The Day Ahead:
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Finalized November inflation figures for the Eurozone are due out later today.
Barring any marked revisions to prelim figures, however, the numbers are unlikely to influence.
Expect COVID-19 news and any updates from Brexit talks and U.S stimulus talks to remain key drivers.
At the time of writing, the EUR was up by 0.02% to $1.2203.
For the Pound
It’s a busy day ahead on the economic calendar. While there are no material stats due out to provide the Pound with direction, the Bank of England is in action later today.
With Brexit negotiations ongoing and COVID-19 vaccinations being administered, the BoE may want to hold off on any moves.
Expect forward guidance and any dissent to influence.
Away from the economic calendar, however, Brexit chatter will also remain the key driver.
At the time of writing, the Pound was up by 0.10% to $1.3523.
Across the Pond
It’s a busy day ahead on the economic calendar. November building permits and housing starts are due out along with December Philly FED Manufacturing numbers. The key driver, however, will be the weekly jobless claims figures.
Away from the economic calendar, however, updates from stimulus talks on Capitol Hill will continue influence.
At the time of writing, the Dollar Spot Index was down by 0.31% to 90.170. Progress towards a stimulus packing and market reaction to the FED sank the Dollar early on.
For the Loonie
It’s a particularly quiet day ahead on the economic data front. There are no material stats to provide the Loonie with direction.
The lack of stats will leave COVID-19 news and stimulus talks on Capitol Hill in the spotlight.
At the time of writing, the Loonie was up by 0.04% to C$1.2738 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.