For the Majors
At the time of writing, the Japanese Yen was up by 0.19% ¥105.38 against the U.S Dollar. The Aussie Dollar was up by 0.34% to $0.7055, with the Kiwi Dollar up by 0.20% to $0.6559.
For the EUR
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.
While there are no material stats to consider, ECB President Lagarde is scheduled to speak late in the day. Any monetary policy chatter will influence.
Away from the economic calendar, COVID-19 and geopolitics remain key drivers. From the weekend and late last week, there was nothing positive on the COVID-19 vaccine front to ease concerns over the latest spike in new cases.
At the time of writing, the EUR was up by 0.03% to $1.1635.
For the Pound
It’s also a quiet day ahead on the economic calendar. There are no material stats due out to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of Brexit and COVID-19 on the day.
COVID-19 news suggests that the government may be forced to deliver more measures to contain the spread.
On the Brexit front, 3-days of talks are set to begin on Tuesday. Progress will need to be made for more intense talks to then be held on key hurdles ahead of the EU Summit in mid-October.
At the time of writing, the Pound was up by 0.15% to $1.2765.
Across the Pond
It’s a quiet day ahead for the U.S Dollar. There are no material stats due out of the U.S to provide the Dollar with direction.
A lack of stats leaves the Dollar in the hands of geopolitics and COVID-19 news updates.
From late last week, U.S sanctions on SMIC and a court ruling on Trump’s ban on TikTok will set the tone. The court ruling to block Trump’s attempts to ban TikTok was well received.
The Dollar Spot Index was down by 0.14% to 94.514 at the time of writing.
For the Loonie
It’s another particularly quiet day ahead, with no material stats due out today.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
Key areas of focus remain U.S – China relations and COVID-19. From the weekend, news of a spike in new cases across Ontario and Quebec will be Loonie negative.
At the time of writing, the Loonie was up by 0.03% to C$1.3382 against the U.S Dollar. #FX##USDollarIndex#
Reprinted from Fxempire, the copyright all reserved by the original author.
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