Economic Data from China and the U.S in Focus Following Inflation Figures from New Zealand

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The Day Ahead

For the EUR

It’s a particularly quiet day ahead on the economic calendar. There are no material stats to provide the EUR with direction.

The lack of stats will leave the EUR in the hands of market risk sentiment on the day.

At the time of writing, the EUR was flat at $1.1601.

For the Pound

It’s also a particularly quiet day ahead on the economic calendar, with no major stats due out of the UK to provide the Pound with direction.

The lack of stats will leave the Pound in the hands of market sentiment towards BoE monetary policy and market risk sentiment.

At the time of writing, the Pound was up by 0.03% to $1.3755.

Across the Pond

It’s a relatively quiet day ahead. Industrial production figures for September are due out later in the day.

With little else for the markets to consider, we can expect the numbers to draw interest.

Any FOMC member chatter will likely have a greater impact on the day, however.

On Friday, the U.S Dollar Spot Index fell by 0.02% to 93.937.

For the Loonie

It’s a relatively quiet day ahead for the Loonie. Foreign securities purchases for August and housing starts for September are due out later in the day.

We don’t expect the numbers to influence, however.

From the Bank of Canada, the Business Outlook Survey, due out later in the day, will provide the Loonie with direction.

Away from the economic calendar, crude oil prices and market risk sentiment will also provide direction.

At the time of writing, the Loonie was up by 0.02% to C$1.2366 against the U.S Dollar.

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



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