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On the economic calendar this morning, it was another calm start to the day. After a busy start to the week, there were no noteworthy statistics for the markets to contemplate during the early Asian session. RBA Governor Lowe is due to speak later this morning, and his remarks could influence the Australian Dollar.
Due to a paucity of data, the markets were forced to react to the minutes of the FOMC meeting held the night before.
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The Japanese yen was up 0.03 percent against the US dollar at JPY110.630 at the time of writing, while the Australian dollar was down 0.03 percent at $0.7485. The New Zealand dollar fell 0.07 percent to $0.7014.
The Day to Come
In terms of the Euro
On the economic data front, it’ll be a rather quiet day. This morning’s attention will be on German trade figures for May.
The ECB’s monetary policy meeting minutes, on the other hand, will receive a lot of attention.
The markets expect the ECB to maintain its steadfast support for the eurozone.
The EUR was up 0.03 percent at $1.1794 at the time of writing.
Pound for Pound
On the economic calendar, today is a rather calm day. There are no tangible stats available to guide the Pound.
COVID-19 news and political discussion will take center stage due to a paucity of statistics.
The Pound was down 0.01 percent at $1.3800 at the time of writing.
Across the Water
Later today, the weekly jobless claims statistics will be scrutinized. Expect plenty of interest in today’s statistics, given the need for a more meaningful labor market rebound to drive the FED to act.
The Dollar Spot Index increased by 0.11 percent to 92.644 on Wednesday.
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.
Due to a paucity of data, the Loonie will be at the mercy of crude oil prices and market risk sentiment on any given day.
The Loonie was down 0.02 percent against the US Dollar at the time of writing, trading at C$1.2483.
Check out our economic calendar for a complete list of today’s economic happenings./n
