Economic Figures And Banking System Talk Spotlight On EUR, GBP, And USD

ByBarbara Byrne

Sep 27, 2021

On the financial schedule, today is a fairly low affair. While today’s statistics are confined to solid and key durable goods orders in the United States, central bank commentary is expected to garner a great deal of attention. This morning’s financial calendar was unusually calm, with only a few events scheduled for the rest of the day. With no meaningful statistics to guide the leading currencies, press releases on Evergrande were relied upon instead to assess backing for risk investments.

At the time of posting, the Japanese Yen had gained 0.01 percent against the US Dollar, while the Australian Dollar had gained 0.21 percent against the US Dollar, bringing it to $107.720. The New Zealand dollar rose by 0.10 percent to $0.7022 per dollar.

The Schedule For The Day

In the case of the EUR, the financial calendar has a rather calm day ahead of it. Aside from that, there have been no important statistics to steer the EUR in any way. There have been no statistics available at this moment, but ECB Director Lagarde is set to address later in the day, which might change the dial. At the time of this publication, the EUR was trading at $1.1719, down 0.01 percent from its previous close.

With the British Pound per the financial forecast, today will be rather uneventful. There are no important economic data releases due out of the United Kingdom to provide guidance, hence the Pound is at the mercy of market risk mood. Governor Bailey of the Bank of England is slated to speak late in the United States session. Any hawkish talk is likely to be favorable to the Pound. When this article went to press, the pound had slipped by 0.07 percent to $1.3669.

From The Other Side Of The Pond

It’s heading to be a fairly low afternoon. Following that, throughout the day, the focus will shift to orders for permanent and essential durable goods. Given that financial markets anticipate that the United States economy will continue to grow, we can anticipate that the markets will be sensitive to new data. The Federal Open Market Committee members’ discussions on fiscal policy will also be closely scrutinized. A meeting between Williams and Brainard is expected to take place late in the day. Both are members of the Federal Open Market Committee. The United States Dollar Spot Index has fallen by 0.07 percent to $93.264 as of the time of publishing this article (local time).

The Loonie, on the other hand, is expected to have a relatively quiet day ahead of it. Canada is not expected to release any statistically significant data later in the day. Because of a lack of data, the Loonie will be at the mercy of the risk mood of the market and the price of crude oil over the next few months. At the time of publication, the Loonie was up 0.14 percent against the US Dollar, bringing it to C$1.2634 per dollar.

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