The Day Ahead
For the EUR
It’s a particularly busy day ahead on the economic data front, with the 2nd quarter GDP numbers, consumer spending, and inflation in focus.
French, German, and Eurozone 1st estimate GDP numbers for the 2nd quarter will be the key stats of the day, however.
At the time of writing, the EUR was up by 0.03% to $1.1891.
For the Pound
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction.
The lack of stats leaves the IMF’s growth forecasts for the UK, delivered earlier in the week, to continue to resonate.
At the time of writing, the Pound was up by 0.05% to $1.3966.
Across the Pond
It’s a busy day ahead on the economic calendar.
Personal spending and inflation figures for June together with finalized consumer sentiment figures for July will be in focus.
Barring any marked revisions to prelim consumer sentiment figures, expect the personal spending and inflation figures to be key.
Following the FED’s policy decision on Wednesday, any FOMC member chatter will also need monitoring.
On Thursday, the U.S Dollar Spot Index ended the day down by 0.50% to 91.864.
For the Loonie
It’s also a busy day on the economic calendar. Wholesale inflation, RMPI, and GDP numbers will be in focus.
With a lack of stats through much of the week, expect Loonie sensitivity to today’s numbers.
Away from the economic calendar, crude oil prices and market risk sentiment will also influence.
At the time of writing, the Loonie was down by 0.01% to C$1.2449 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.