The Day Ahead:
For the EUR
It’s a particularly busy day ahead on the economic calendar.
Key stats include Italy, Spain and Eurozone manufacturing PMI figures and German retail sales numbers.
Finalized manufacturing PMIs from France and Germany and unemployment figures from the Eurozone are also due out. Barring a marked deviation from prelims and an unexpected jump in unemployment, the figures should have a muted impact on the EUR, however.
Away from the economic calendar, COVID-19 news will remain a key driver, with vaccination rates and vaccine supply also in focus.
At the time of writing, the EUR was down by 0.05% to $1.2130.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. January’s finalized manufacturing PMI will be in focus later today.
Barring a downward revision from prelim, however, the numbers should have a muted impact on the day.
UK vaccination rates and government measures to contain the virus will remain key drivers.
At the time of writing, the Pound was up by 0.13% to $1.3726.
Across the Pond
It’s a relatively busy day ahead on the economic calendar. January’s ISM Manufacturing PMI and finalized Markit Manufacturing PMI are due out later today.
Expect the ISM Manufacturing PMI to have the greatest influence.
Away from the economic calendar, chatter from Capitol Hill and COVID-19 updates will also remain in focus, however. The markets will be looking for progress towards further fiscal stimulus to support the economic recovery.
At the time of writing, the Dollar Spot Index was down by 0.02% to 90.563.
For the Loonie
It’s a particularly quiet day on the economic data front, with no material stats to provide the Loonie with direction.
The lack of stats will leave PMI numbers from the China, the Eurozone and the U.S and COVID-19 news and stimulus talks to influence.
At the time of writing, the Loonie was down by 0.06% to C$1.2785 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.