Earlier in the Day:
economic calendar this morning. The Aussie Dollar and the Pound were in action in the early part of the day.” data-reactid=”20″>It’s was a relatively busy start to the day on the economic calendar this morning. The Aussie Dollar and the Pound were in action in the early part of the day.
For the Aussie Dollar
Total employment surged by 114.7k in July, following on from a 210.8k jump in June. Economists had forecast a 40.0k increase. Full employment increased by 43.5k, reversing a 38.1k fall from June. In July, the unemployment rate rose from 7.4% to 7.5%. Economists had forecast a jump to 7.8%. In June, the unemployment rate had risen from 7.1% to 7.4%.
ABS,” data-reactid=”27″>According to the ABS,
- The number of unemployed people increased by 15,700 people.
- Compared to July 2019, full-time employment had fallen by 282,800, with part-time employment falling by 131,700.
- The employment to population ratio increased by 0.5 points to 59.8%.
- Monthly hours worked in all jobs increased by 1.3%.
Aussie Dollar was up by 0.21% to $0.7183.” data-reactid=”33″>The Aussie Dollar moved from $0.71747 to $0.71877 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.21% to $0.7183.
For the Pound
The RICS House Price Balance for July rose from -13% to +12%, coming in ahead of a forecasted rise to -5%.
The Pound moved from $1.30372 to $1.30371 upon release of the figures.
Elsewhere
Japanese Yen was up by 0.26% ¥106.63 against the U.S Dollar, with the Kiwi Dollar down by 0.14% to $0.6587.” data-reactid=”38″>At the time of writing, the Japanese Yen was up by 0.26% ¥106.63 against the U.S Dollar, with the Kiwi Dollar down by 0.14% to $0.6587.
The Day Ahead:
For the EUR
economic calendar. Key stats include finalized July inflation figures for Germany and Spain.” data-reactid=”41″>It’s a relatively quiet day ahead on the economic calendar. Key stats include finalized July inflation figures for Germany and Spain.
The numbers are likely to have a muted impact on the EUR, however. Risk sentiment will be the key driver on the day.
EUR was up by 0.24% to $1.1812.” data-reactid=”43″>At the time of writing, the EUR was up by 0.24% to $1.1812.
For the Pound
economic calendar after Wednesday’s data deluge. There are no material stats to provide the Pound with direction.” data-reactid=”45″>It’s a particularly quiet day ahead on the economic calendar after Wednesday’s data deluge. There are no material stats to provide the Pound with direction.
A lack of stats will leave the Pound in the hands of Brexit chatter and sentiment towards monetary policy after yesterday’s numbers.
Pound was up by 0.25% to $1.3067. Demand for riskier assets weighed on the dollar early on.” data-reactid=”47″>At the time of writing, the Pound was up by 0.25% to $1.3067. Demand for riskier assets weighed on the dollar early on.
Across the Pond
It’s a relatively quiet day ahead for the U.S Dollar. Key stats include July’s import and export price figures and the all-important weekly jobless claims.
Following the relief last week from the better than expected numbers, more of the same is going to be needed. Sub-1m levels would deliver riskier assets a boost on the day. We would expect the import and export price index numbers to have a muted impact on the Dollar.
Away from the economic calendar, any progress towards an agreement on the COVID-19 stimulus package would also be market positive.
Dollar Spot Index was down by 0.20% to 93.253.” data-reactid=”52″>At the time of writing, the Dollar Spot Index was down by 0.20% to 93.253.
For the Loonie
After a quiet day ahead, with no economic data due out to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of the IEA’s monthly report and geopolitics on the day.
Loonie was up by 0.06% to C$1.3239 against the U.S Dollar.” data-reactid=”56″>At the time of writing, the Loonie was up by 0.06% to C$1.3239 against the U.S Dollar.
economic calendar.” data-reactid=”57″>For a look at all of today’s economic events, check out our economic calendar.
article was originally posted on FX Empire” data-reactid=”58″>This article was originally posted on FX Empire
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