Earlier in the Day:
It was a quieter start to the day on the economic calendar this morning. The Aussie Dollar was in action this morning.
For the Aussie Dollar
Private new CAPEX numbers were in focus this morning.
In the 2nd quarter, private new CAPEX rose by 4.4% versus a forecasted 2.5% increase. Private new Capex had increased by 6.3% in the previous quarter.
According to the ABS,
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Building and structures rose by 4.6%, with equipment, plant, & machinery up 4.3%.
The Aussie Dollar moved from $0.72680 to $0.72645 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.12% to $0.7267.
Elsewhere
At the time of writing, the Japanese Yen was up by 0.01% to ¥110.010 against the U.S Dollar, while the Kiwi Dollar was down by 0.11% to $0.6966.
The Day Ahead
For the EUR
It’s another relatively quiet day ahead on the economic data front. German GfK Consumer Climate figures for September are due out later today.
With consumer consumption key to the economic recovery, we can expect plenty of sensitivity to the numbers.
At the time of writing, the EUR was down by 0.07% to $1.1764.
For the Pound
It’s another particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment on the day.
At the time of writing, the Pound was down by 0.07% to $1.3754.
Across the Pond
It’s a busy day ahead. 2nd estimate GDP numbers for the 2nd quarter and weekly jobless claims will be in focus.
Expect both numbers to influence.
Ultimately, however, chatter from the Jackson Hole Symposium will be key on the day.
At the time of writing, the U.S Dollar Spot Index was up by 0.07% to 92.886.
For the Loonie
It’s yet another particularly quiet day on the economic calendar. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.10% to C$1.2603 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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