The Day Ahead
For the EUR
It’s a busier day ahead on the economic data front. Finalized June inflation figures for Eurozone and Eurozone trade data are due out later this morning.
With little else for the markets to consider, expect the numbers to provide some direction. With the ECB’s shift in policy on price stability, however, the trade figures should garner more interest.
At the time of writing, the EUR was up by 0.01% to $1.1813.
For the Pound
It’s a quiet day ahead on the economic calendar, with no major stats from the UK to consider later today.
The lack of stats will leave the Pound in the hands of market risk sentiment and COVID-19 news updates.
At the time of writing, the Pound was down by 0.01% to $1.3828.
Across the Pond
It’s another busy day ahead on the economic calendar. Retail sales and consumer sentiment figures are due out later today.
While the retail sales figures will be key, expect the consumer sentiment figures to also influence later in the day.
Away from the economic calendar, FOMC member chatter will also need monitoring following FED Chair Powell’s testimony in the week.
On Thursday, the Dollar Spot Index rose by 0.23% to end the day at 92.624.
For the Loonie
It’s another quiet day ahead on the economic data front. Wholesale sales figures for May will be in focus alongside foreign securities purchases.
Barring particularly dire numbers, however, the numbers should have a relatively muted impact on the Loonie.
Market risk sentiment will likely be the key driver on the day.
At the time of writing, the Loonie was down by 0.01% to C$1.2596 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.