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A Quiet Economic Calendar to Test Risk Sentiment and Dollar Appetite

·2-min read

Earlier in the Day:

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

The Majors

At the time of writing, the Japanese Yen was up by 0.03% to ¥109.910 against the U.S Dollar, with the Aussie Dollar up by 0.12% to $0.7365. The Kiwi Dollar was up by 0.04% to $0.7113.

The Day Ahead

For the EUR

It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out 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 down by 0.03% to $1.1811.

For the Pound

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

At the time of writing, the Pound was down by 0.01% to $1.3838.

Across the Pond

There are no major stats due out of the U.S to provide the Dollar and the broader market with direction later in the day.

The lack of stats will leave the Dollar in the hands of market risk sentiment on the day. COVID-19 news updates and geopolitics will remain key drivers on the day.

At the time of writing, the U.S Dollar Spot Index was up by 0.06% to 92.641.

For the Loonie

It’s a quiet day ahead for the Loonie.

There are no major stats due out of Canada to provide the Loonie with direction. While there are no stats to consider, OPEC’s monthly report and impact on crude oil prices will influence.

At the time of writing, the Loonie was up by 0.10% to C$1.2679 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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