A Quiet Economic Calendar Puts U.S Jobless Claims and the Dollar in Focus
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Finalized inflation figures from Spain are due out in the early part of the session.
Barring any marked revision to prelim figures, however, the numbers should have a muted impact on the EUR,
Central bank chatter will need monitoring, however, with the ECB’s Enria and Elderson scheduled to speak.
At the time of writing, the EUR was up by 0.03% to $1.1597.
For the Pound
It’s a quieter day ahead on the economic calendar, with no major stats due out of the UK to provide the Pound with direction.
While there are no stats, the BoE will be in focus. The BoE’s credit conditions survey is due out in the early part of the European session.
On the monetary policy front, MPC member Tenreyro is also scheduled to speak later in the day.
At the time of writing, the Pound was up by 0.07% to $1.3668.
Across the Pond
It’s a relatively busy day ahead. Wholesale inflation figures for September due out along with the weekly jobless claims. While wholesale inflation will influence, expect the jobless claims to be key.
On the monetary policy front, the FOMC member chatter will also need monitoring.
At the time of writing, the U.S Dollar Spot Index was down by 0.06% to 94.020.
For the Loonie
It’s a relatively quiet day ahead for the Loonie. Manufacturing sales figures for August are due out later in the day.
With little else for the markets to consider, we can expect some influence on the Loonie.
The IEA’s monthly report and crude oil inventories will also provide direction, however.
At the time of writing, the Loonie was up by 0.14% to C$1.2425 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.