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On the economic calendar this morning, it was a particularly quiet start. Through the early hours, there were no significant statistics for the markets to ponder.
Major League Baseball
The Japanese yen was down 0.04 percent against the US dollar at JPY111.570 at the time of writing, while the Australian dollar was down 0.04 percent at $0.7467. The New Zealand dollar fell 0.13 percent to $0.6965. The Day to Come
In terms of the Euro
On the economic data front, it’ll be a rather quiet day. Prior to the European open, the German retail sales numbers for May will be scrutinized.
Expect the data to have an impact as the ECB looks on consumer spending to spark a faster economic recovery.
The EUR was down 0.03 percent to $1.1846 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 United Kingdom to influence the Pound.
Due to a paucity of data, the Pound will be dependent on COVID-19 news updates, with fears over the Delta variant lingering.
The Pound was down 0.02 percent at $1.3764 at the time of writing.
Across the Water
It’s going to be a long day.
Wage growth, nonfarm payroll, and unemployment numbers are all set to be released by the government later today.
Market risk sentiment will be influenced the most by nonfarm payroll and unemployment figures.
A strong gain in June NFP statistics would fuel a Dollar rebound after May’s lackluster figures. To support a near-term move by the FED, labor market conditions must materially improve, according to FED Chair Powell.
Other data points include trade data and factory orders, all of which are expected to have a minor impact on the greenback.
The Dollar Spot Index was down 0.03 percent to 92.573 at the time of writing.
The Loonie is a currency used in Canada.
On the economic data front, it’ll be a rather quiet day. Figures on building permits and trade statistics will be released later today.
The trading data is likely to pique people’s interest the most.
The Loonie was down 0.02 percent against the US Dollar at the time of writing, trading at C$1.2440.
Check out our economic calendar for a complete list of today’s economic happenings./n
