The Day Ahead:
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction. A lack of stats will leave the EUR in the hands of COVID-19 vaccine news and geopolitics.
At the time of writing, the EUR was up by 0.03% to $1.2040.
For the Pound
It’s a busy day ahead on the economic calendar.
Inflation figures for March are due out later today. We can expect Pound sensitivity to the numbers, with the markets expecting a continued pickup in inflationary pressures.
Away from the economic calendar, the ongoing reopening of the UK economy should continue to provide Pound support.
At the time of writing, the Pound was up by 0.08% to $1.3948.
Across the Pond
It’s yet another quiet day ahead on the economic calendar. There are no material stats to provide the Greenback and the broader markets with direction.
The lack of stats will continue to leave chatter from Capitol Hill and U.S foreign policy in focus.
At the time of writing, the Dollar Spot Index was down by 0.06% to 91.186.
For the Loonie
It’s busy day ahead on the economic calendar. March inflation figures are due out later today.
While we expect some Loonie sensitivity to the numbers, any major moves may be on hold, however.
The Bank of Canada’s first monetary policy decision of the quarter will draw plenty of attention.
With the markets are expecting the BoC to stand pat, the BoC’s monetary policy report will draw the greatest interest.
Fresh spikes in new COVID-19 cases could test member optimism and the Loonie.
Away from the economic calendar, crude oil inventory numbers will also draw interest on the day.
At the time of writing, the Loonie was up by 0.07% to C$1.2600 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.