Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action this morning.
For the Kiwi Dollar
In July, the Business PMI rose from 60.7 to 62.6. Economists had forecast a decline to 60.0.
According to the latest survey,
- The production sub-index rose from 64.4 to 66.0, with the employment sup-index climbing from 56.7 to 58.3.
- New orders also rose at a quickest pace, with the sub-index increasing from 63.6 to 65.0.
The Kiwi Dollar moved from $0.70052 to $0.70053 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.13% to $0.7011.
The Day Ahead
For the EUR
It’s another relatively quiet day ahead on the economic data front. Finalized inflation figures from France and trade data for the Eurozone will be in focus later this morning.
Expect trade data from the Eurozone to have the greatest impact on the EUR.
At the time of writing, the EUR was up by 0.09% to $1.1740.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
Following pressure on the Pound early in the week and Thursday’s stats, the Pound will likely be in recovery mode.
At the time of writing, the Pound was up by 0.05% to $1.3815.
Across the Pond
It’s a relatively busy day ahead on the economic calendar.
Consumer sentiment figures for August are due out later today. With little else for the markets to consider, expect the numbers to influence.
On the monetary policy front, FOMC member chatter will also need monitoring through the day.
At the time of writing, the U.S Dollar Spot Index was down by 0.08% to 92.959.
For the Loonie
It’s yet another particularly quiet day on the economic calendar. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.06% to C$1.2519 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.