Earlier in the day:
In the economic calendar, it was a particularly quiet start to the day this morning. There were no key statistics for the markets to keep in mind until the wee hours of the morning.
For the majors
At the time of this writing, the Japanese yen is down 0.04% against the US dollar to 111.570 yen, while the Aussie dollar is down 0.04% to $ 0.7467. The kiwi dollar is down 0.13% to $ 0.6965.
The day ahead
For the EUR
A calm day is ahead on the economic data front. There are no essential statistics from the Eurozone to give direction to the EUR.
At the time of writing, the EUR was down 0.03% to $ 1.1846.
For the pound
A particularly quiet day is ahead on the economic calendar. There are no significant UK statistics that could affect the pound.
The lack of statistics will put the pound in the hands of COVID-19 news updates, with concerns about the Delta variant remaining.
At the time of writing, the pound is down 0.02% to $ 1.3764.
Across the pond
It’s a busy day ahead.
Government labor market figures are released later today, with a focus on wage growth, non-farm wages and unemployment figures.
Expect wage and unemployment figures outside of agriculture to have the greatest impact on market risk sentiment.
After disappointing May figures, a sharp rise in NFP numbers in June would fuel a dollar rally. FED chairman Powell has emphasized that labor market conditions would have to improve significantly in order to support a short-term move by the FED.
Other statistics include trade data and factory orders, which should have a relatively subdued impact on the greenback.
At the time of writing, the Dollar Spot Index is down 0.03% to 92.573.
For the loonie
On the economic data front, it’s a relatively calm day ahead. Building permit numbers and trade data will be released later today.
Expect the trade data to generate the most interest.
At the time of writing, the loonie was down 0.02% against the US dollar to $ 1.2440.
You can find an overview of all today’s economic events in our economic calendar.
This article was originally published on FX Empire