Expect the Non-Manufacturing PMI due out on Wednesday to have the greatest impact.
On the labor market front, ADP nonfarm employment change and weekly jobless claims figures on Wednesday and Thursday will also influence.
Nonfarm payrolls at the end of the week, however, will be the key stat of the week.
In the week ending 30th July, the Dollar Spot Index fell by 0.79% to 92.174.
For the EUR:
It’s a busy week on the economic data front.
Private sector PMIs for Italy and Spain together with finalized numbers for France, Germany, and the Eurozone will influence.
Expect Italy and the Eurozone’s PMIs to be key in the week.
German and Eurozone retail sales figures will also influence, with consumption key to a sustainable economic recovery.
For the week, the EUR rose by 0.84% to $1.1870.
For the Pound:
It’s a relatively quiet week ahead on the economic calendar.
Finalized private sector PMIs for July are due out on Monday and Wednesday.
Expect any revisions to the services PMI to have a greater impact in the week.
Construction PMIs also due out, should have a muted impact, however.
While the finalized numbers will influence, the Bank of England monetary policy decision on Thursday will be the main event.
Last week, the IMF talked up the outlook for the British economy. It now rests in the hands of the BoE.
The Pound ended the week up by 1.13% to $1.3904.
For the Loonie:
It’s a busier week ahead on the economic calendar.
Trade data on Thursday and employment change figures on Friday will be the key numbers.
While trade figures will influence, expect the employment change figures to have a greater impact.
The Loonie ended the week up 0.71% to C$1.2475 against the U.S Dollar.