Economic data puts the euro and the dollar in the spotlight



Early in the day:

It’s a particularly calm start to the day on the economic calendar this morning. There are no major statistics for the markets to consider during the Asian session.

Major

At the time of this writing, the Kiwi Dollar was up 0.16% to $ 0.6841, and the Australian Dollar 0.10% to $ 0.7257. The Japanese yen lost 0.09% to ¥ 115,050 against the US dollar,

The day to come

For the euro

It’s a calm day ahead on the economic calendar. Spain’s preliminary December inflation figures will provide guidance at the start of the European session.

Outside of the economic calendar, COVID-19 news updates will also influence, however, the following figures from France on Wednesday. According to the WHO, France has registered more than 600,000 new cases in the past 7 days.

At the time of this writing, the Euro was down 0.02% to $ 1.1347.

For the pound

It is also a particularly calm day on the economic calendar. There are no significant statistics outside of the UK to give direction to the British Pound. The lack of statistics will leave the focus on COVID-19 news updates.

At the time of this writing, the pound was up 0.06% to $ 1.3498.

Across the pond

Unemployment claims figures for the week ending 24e December will be the key statistic of the day. Expect a surge in claims to test support for riskier assets as markets seek to assess Omicron’s impact on US labor market conditions. Chicago’s PMI numbers for December will also spark interest, however, later today.

At the time of this writing, the Dollar Spot Index was down 0.03% to 95.897.

For the loonie

The day is calm on the economic data front. There are no major statistics to provide guidance. The lack of statistics will leave crude oil prices and market risk sentiment to steer.

At the time of this writing, the loonie was up 0.12% to C $ 1.2776 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

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