The Day Ahead
For the EUR
It’s a busier day ahead on the economic data front. German factory orders for April and ZEW Economic Sentiment figures for Germany and the Eurozone will be in focus later this morning.
Finalized 1st quarter GDP numbers for the Eurozone are also due out early in the European session.
Barring revisions to GDP numbers, however, expect the economic sentiment and German factory orders to be key.
At the time of writing, the EUR was down by 0.04% to $1.2185.
For the Pound
It’s another quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
Earlier in the day, retail sales figures were in focus, however.
In May, the BRC Retail Sales was up by 18.5% year-on-year. This was down from a 39.6% increase in April.
At the time of writing, the Pound was down by 0.10% to $1.4169.
Across the Pond
It’s a quiet day ahead on the economic calendar. Trade data and JOLT’s job openings are due out later today.
Barring particularly dire trade figures, expect the job openings to have a greater impact on the Dollar.
Away from the economic calendar, chatter from Capitol Hill will also need monitoring.
At the time of writing, the Dollar Spot Index was up by 0.07% to 90.010.
For the Loonie
It’s a relatively quiet day ahead on the economic data front. April trade data will be in focus later today.
With the BoC in action tomorrow, expect plenty of influence on the Loonie. The markets will be looking for better than forecasted trade figures to keep the BoC on a bullish footing.
At the time of writing, the Loonie was down by 0.02% to C$1.2085 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.