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On the economic calendar this morning, it’s a rather quiet start. In the early portion of the Asian session, the Japanese Yen was in play.
The Yen (Japanese yen) is a currency in Japan
This morning, retail sales grabbed a lot of attention.
Retail sales increased 8.2% year over year in May, compared to an anticipated 7.9% increase, according to the Ministry of Economy, Trade and Industry. Retail sales increased by 11.9 percent in April.
Following the release of the numbers, the Japanese Yen changed from JPY110.596 to JPY110.568. The Japanese yen was up 0.14 percent against the US dollar at JPY110.470 at the time of writing.
Elsewhere
The Australian dollar was down 0.01 percent to $0.7566 at the time of writing, while the New Zealand dollar was up 0.23 percent to $0.7050.
The Day to Come
In terms of the Euro
On the economic data front, it’ll be a rather quiet day. Eurozone consumer mood data and German inflation data will be released later today.
The markets will be looking for a lift in consumer confidence in the second half of the year to support a consumer spending-fueled economic recovery. Any bad statistics are likely to put the EUR under pressure.
However, a significant increase in German consumer prices would provide EUR support on the inflation front.
The EUR was down 0.02 percent to $1.1923 at the time of writing.
Pound for Pound
On the economic calendar, today is a rather calm day. There are no substantial statistics expected from the UK to provide direction to the Pound.
The Pound will continue to be in the hands of COVID-19 news updates due to a lack of statistics.
The Pound was down 0.10 percent at $1.3869 at the time of writing.
Across the Pond Today will be a reasonably uneventful day.
House price data for April will be released along with consumer confidence data for June.
Consumer confidence numbers from June are expected to be crucial.
The Dollar Spot Index was up 0.02 percent to 91.901 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 meaningful statistics expected from Canada to guide the Loonie.
The paucity of statistics will continue to put the Loonie in the hands of the day’s market risk mood.
The Loonie was up 0.02 percent to C$1.2334 against the US Dollar at the time of writing.
Check out our economic calendar for a complete list of today’s economic happenings.
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