Economic forecasts and economic data put the euro and the dollar in the spotlight

Early in the day:

It’s a particularly quiet start to the Asian session on the economic calendar. There are no major statistics for the markets to consider at the start of the day.

The Majors

At the time of writing, the kiwi dollar fell 0.04% to $0.6681, with the japanese yen down 0.01% to ¥115.530 against the US dollar. the Australian dollar rose 0.03% to $0.7181.

The day to come

For their

It’s a relatively quiet day ahead on the economic calendar. There are no hard statistics expected from the Eurozone to give direction to the Euro. Although there are no statistics, the EU economic forecast will provide guidance for the day. The forecasts will give the markets an idea of ​​what to expect from the ECB in the short term.

At the time of writing, the USD was down 0.01% at $1.1424.

For the pound

It is another particularly calm day which is announced on the economic calendar. There are no significant UK stats for the markets to consider.

At the time of writing, the Grind rose 0.02% to $1.3538.

On the other side of the pond

It’s a relatively busy day on the economic calendar. January inflation and weekly jobless claims are due out later today. While unemployment insurance claims will provide direction, inflation numbers will be key later in the day. Another pick-up in inflation would indicate a more aggressive rate trajectory for the Fed.

On Wednesday, the US Dollar Spot Index fell 0.10% to end the day at 95.551.

For the loon

It is also a quiet day ahead. There are no hard stats expected from Canada to give direction to the Loonie. The lack of statistics will let market risk sentiment provide direction.

At the time of writing, the Loonie was down 0.01% at C$1.2671 against the US dollar.

For an overview of all of today’s economic events, check out our economic calendar.

This article was originally published on FX Empire

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