The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic data front. Finalized June inflation figures for Italy are due out later this morning.
We don’t expect the numbers to have any material impact on the EUR, however.
At the time of writing, the EUR was down by 0.09% to $1.1826.
For the Pound
It’s another busy day ahead on the economic calendar, with UK employment figures due out later this morning.
Claimant counts for June and May’s unemployment rate will garner plenty of interest.
At the time of writing, the Pound was down by 0.25% to $1.3825.
Across the Pond
It’s a busy day ahead on the economic calendar. Manufacturing sector data from NY State and Philly are due out along with the weekly jobless claim figures.
Later in the day, industrial production figures are also due out. On the economic data front, expect the jobless claim figures to be key.
On the monetary policy front, FED Chair Powell delivers a 2nd day of testimony that will also need monitoring.
At the time of writing, the Dollar Spot Index was up by 0.06% to 92.466.
For the Loonie
It’s a quieter day ahead on the economic data front. ADP employment change figures are due out later today.
With little else for the markets to consider, following Wednesday’s BoC policy decision, expect Loonie sensitivity to the numbers.
Away from the economic calendar, however, COVID-19 news will also need monitoring.
At the time of writing, the Loonie was down by 0.23% to C$1.2538 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.