Early in the day:
The start of the economic calendar day was relatively calm this morning. There were no major statistics for the early morning markets to take into account.
Although there were no stats, the RBNZ were in action at the start of the Asian session.
For the Kiwi Dollar
The RBNZ raised the spot rate from 0.25% to 0.50% this morning, which was in line with market expectations.
The Kiwi dollar rose from $ 0.69529 to a high of $ 0.69791 in response. As of this writing, the Kiwi dollar was up 0.16% to $ 0.69672, ahead of the RBNZ press conference.
At the time of this writing, the Japanese Yen was down 0.14% to 111.620 against the US dollar, the Australian dollar down 0.05% to $ 0.7288.
The day to come
For the euro
It’s a relatively busy day on the economic calendar. German factory orders and Eurozone retail sales figures are expected later this morning.
Expect retail sales figures in Germany to have a bigger impact on the euro.
Other statistics include German construction figures which are expected to have a moderate impact on the euro.
At the time of this writing, the Euro was down 0.03% to $ 1.1595.
For the pound
It’s a relatively calm day ahead on the economic calendar.
The construction PMI figures for September will be the focus of discussion later today.
Barring particularly dire numbers, however, the numbers are unlikely to have too much of an impact on the pound sterling.
UK inflation and economic outlook remain key areas,
At the time of this writing, the pound was down 0.02% to $ 1.3626.
Across the pond
It’s a calm day ahead, with ADP non-farm employment development figures for September in focus.
As the markets await the NFP numbers on Friday, expect market interest in today’s numbers.
At the time of this writing, the US Dollar Spot Index was up 0.04% to 94.008.
For the loonie
It’s a particularly calm day for the Loonie. There are no important statistics outside of Canada to give direction to the loonie.
A lack of statistics will leave the loonie in the hands of crude oil stocks and market risk sentiment that day.
At the time of this writing, the loonie was down 0.03% to C $ 1.2587 against the US dollar.
For an overview of all of today’s economic events, check out our economic calendar.
This article originally appeared on FX Empire