Earlier in the Day During the Day During the Day During the Day During
On the economic calendar this morning, it was a relatively busy start to the day. This morning, the Australian Dollar, Japanese Yen, and New Zealand Dollar were all active.
Electronic retail card spending increased by 0.90 percent in June for the Kiwi Dollar, following a 1.7 percent gain in May. Economists predicted a 1.1 percent increase.
Consumable goods spending increased in June, according to NZ Stats.
Consumables spending increased by 1.8 percent in June compared to May.
When compared to the March quarter, spending increased by 4.5 percent in the June quarter.
Following the announcement of the numbers, the New Zealand dollar fell from $0.70067 to $0.70064. The New Zealand Dollar was down 0.13 percent to $0.6991 at the time of writing.
For the Australian Dollar, building permits declined by 7.1 percent in May, above expectations of a 5.1 percent drop. Permits had fallen by 5.7 percent in April.
Private sector home approvals fell 10.3%, while private sector dwellings excluding houses climbed 1.2 percent, according to the ABS.
Following the release of the numbers, the Australian dollar rose from $0.74786 to $0.74741. The Australian Dollar was down 0.19 percent to $0.74740 at the time of writing.
Following a 0.6 percent gain in April, machinery orders in Japan grew by 7.80 percent in May. Economists predicted a 2.30 percent increase. Orders increased 12.20 percent year over year, compared to a predicted 6.0 percent increase. Orders increased by 6.5 percent in April.
Following the release of the numbers, the Japanese Yen changed from JPY110.218 to JPY110.224. The Japanese Yen was up 0.08 percent against the US Dollar at the time of writing, trading at JPY110.050.
The Day to Come
In terms of the Euro
On the economic data front, it’s going to be a rather quiet day. On this day, there are no significant statistics for the markets to consider.
Due to a dearth of data, market sentiment will be focused on the Delta variant’s continuous spread and central bank rhetoric.
The EUR stayed unchanged at $1.1876 at the time of writing.
Pound for Pound
On the economic calendar, it’s also going to be a particularly quiet day. There are no substantial statistics expected from the UK to provide direction to the Pound.
Any government plans to restrict the Delta variant’s spread will be impacted when the spread accelerates.
The Pound was up 0.01 percent to $1.3903 at the time of writing.
Across the Water
There are no significant statistics to guide the Greenback and the broader markets later in the day.
Due to a dearth of data, the Dollar will be at the mercy of market risk sentiment and FOMC member gossip.
The Dollar Spot Index was down 0.05 percent to 92.087 at the time of writing.
The Loonie is a currency used in Canada.
On the economic data front, it’s going to be a rather quiet day. There are no material stats available to guide the Loonie.
Following some encouraging employment data from last week, the markets will be looking ahead with the BoC in action this week.
However, market risk sentiment and crude oil prices will have an impact. Expect the Loonie to come under criticism if doubts about the global economic recovery’s long-term viability resurface.
The Loonie was down 0.10 percent against the US Dollar at the time of writing, trading at C$1.2460.
Check out our economic calendar for a complete list of today’s economic happenings./n
