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On the economic calendar this morning, it was a pretty quiet start to the day. China’s inflation data were the topic of discussion this morning.
China has left the country.
The annual rate of inflation fell to 1.1 percent in June from 1.3 percent in May. Economists predicted a 1.6 percent increase. Consumer prices, on the other hand, declined by 0.4 percent month over month, following a 0.2 percent drop in May. Economists predicted a 0.1 percent increase.
Inflationary pressures at the wholesale level have also subsided, with the annual wholesale rate of inflation falling from 9.0 percent to 8.8 percent in June. Economists expected the rate to drop to 8.9%.
Following the release of the numbers, the Australian dollar fell from $0.74152 to $0.74106. The Australian Dollar was down 0.22 percent to $0.7413 at the time of writing.
Elsewhere
The Japanese yen was down 0.07 percent to JPY109.800 against the US dollar at the time of writing, while the New Zealand dollar was down 0.43 percent to $0.6926.
The Day to Come
In terms of the Euro
On the economic data front, it’ll be a quiet day. On this day, there are no significant statistics for the markets to consider.
However, ECB President Lagarde is due to address after the ECB meeting minutes on Thursday.
Any discussion about monetary policy or the economy is likely to have an impact.
The EUR was down 0.06 percent to $1.1838 at the time of writing.
Pound for Pound
On the economic calendar, today is a busy day. For May, industrial and manufacturing production figures, as well as trade data and GDP figures, will be released.
While manufacturing production and GDP figures are important, trade data is also expected to have an impact.
COVID-19 news updates will continue to be a major priority outside of the economic calendar.
The Pound was down 0.08 percent at $1.3775 at the time of writing.
Across the Water
On the economic calendar, today is a rather calm day. There are no significant statistics due from the United States for the markets to examine.
Due to a paucity of data, the Greenback will most likely be in the hands of central bank talk.
The Dollar Spot Index was down 0.02 percent to 92.403 at the time of writing.
The Loonie is a currency used in Canada.
On the economic data front, it’s going to be a busy day. Later in the day, employment numbers for June will be released.
With little else on the horizon for the markets to examine ahead of the Bank of Canada’s monetary policy announcement next week, expect the statistics to draw a lot of attention.
The Loonie was down 0.13 percent against the US Dollar at the time of writing, trading at C$1.2550.
Check out our economic calendar for a complete list of today’s economic happenings./n
