A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the Greenback in Focus

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Earlier in the Day:

It was a busy start to the day on the economic calendar this morning. The Aussie Dollar was back in action in the early hours, with economic data from China also in focus.

For the Aussie Dollar

In September, the Westpac Consumer Sentiment Index rose by 2.0% to 106.2. The Index had fallen by 4.4% to 104.1 in August.

According to the latest Westpac Report,

  • In spite of lockdown measures in Australia’s two major cities, consumer sentiment remained resilient in September.
  • Improving vaccination rates supported consumer confidence in the month.

Looking at the sub-components:

  • Economic conditions next 12-months jumped by 4.6%, with conditions next 5-years up 4.8%.
  • Family finances vs a year ago rose by 1.7%, with finances next 12-months up 2.1%.
  • Time to buy a dwelling jumped by 8.8%, with the Unemployment Expectations Index falling by 3.3%.
  • While the House Price Expectations Index rose by 1.4%, time to buy a major household item fell by 2.7%.

The Aussie Dollar moved from $0.73191 to $0.73134 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.16% to $0.7305.

From China

Industrial production was up by 5.3%, year-on-year, in August versus a forecasted 5.8% increase. In July, production had been up by 6.4%.

Fixed asset investment was up 8.9% versus a forecasted 9.0%. In July, fixed asset investments had been up 10.3%.

The Aussie Dollar moved from $0.73083 to $0.73014 upon release of the figures.

Elsewhere

At the time of writing, the Japanese Yen was up by 0.11% to ¥109.570 against the U.S Dollar, with the Kiwi Dollar down by 0.34% to $0.7074.

The Day Ahead

For the EUR

It’s a busier day ahead on the economic calendar. Industrial production and wage growth figures for the Eurozone are due out later today. Expect industrial production to have the greater influence on the EUR.

Finalized inflation figures for Italy and France are also due out but should have a muted impact on the EUR.

At the time of writing, the EUR was up by 0.03% to $1.1807.

For the Pound

It’s another busy day ahead on the economic calendar. Inflation figures for August are due out later this morning.

With the markets looking ahead to the BoE monetary policy decision next week, expect today’s figures to be key.

A further pickup in inflationary pressures may force the BoE to make a sooner rather than later move to curb the upward trend in consumer prices.

At the time of writing, the Pound was down by 0.11% to $1.3795.

Across the Pond

It’s another relatively busy day ahead. NY Empire State Manufacturing and industrial production figures will be the key stats of the day.

Import and export price index numbers are also due out but should have a muted impact on the Greenback and the broader markets.

At the time of writing, the U.S Dollar Spot Index was up by 0.02% to 92.641.

For the Loonie

It’s a relatively busy day ahead for the Loonie.

Inflation figures for August are due out later today. With inflation a key area of focus, expect plenty of influence from the numbers.

At the time of writing, the Loonie was down by 0.08% to C$1.2704 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.



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