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Economic Data Puts the EUR, the Loonie, and the Greenback in Focus

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·2 min read
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Earlier in the Day:

It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats for the markets to consider in the early hours.

The Majors

At the time of writing, the Japanese Yen was down by 0.03% to ¥111.440 against the U.S Dollar, while the Aussie Dollar was up by 0.07% to $0.7277. The Kiwi Dollar was up by 0.03% to $0.6916.

The Day Ahead

For the EUR

It’s a relatively quiet day ahead on the economic calendar. The German economy is back in focus, with industrial production figures for August due out ahead of the open.

With little else to focus on and market concerns over growth persisting, expect the numbers to influence.

From the U.S, jobless claims will also draw interest ahead of tomorrow’s nonfarm payroll figures.

At the time of writing, the EUR was flat at $1.1556.

For the Pound

It’s a relatively quiet day ahead on the economic calendar.

Labor productivity figures for the 2nd quarter will be in focus later in the day.

We don’t expect the numbers to have a material impact on the Pound, however.

At the time of writing, the Pound was up by 0.05% to $1.3589.

Across the Pond

It’s a quiet day ahead, with initial jobless claims in focus.

With the markets focused on tomorrow’s NFP numbers, expect today’s figures to draw plenty of interest. Claims have yet to fall below the 300k level since the pandemic…

On Wednesday, the U.S Dollar Spot Index rose by 0.31% to 94.266.

For the Loonie

It’s a relatively quiet day ahead for the Loonie. Ivey PMI numbers for September are due out late in the day.

With little else to consider, the numbers will influence though market risk sentiment and sentiment towards the global economy will remain key,

At the time of writing, the Loonie was up by 0.01% to C$1.2589 against the U.S Dollar.

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

This article was originally posted on FX Empire

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