Previous Day's Market Highlights
Euro-dollar regained 1.1800 yesterday as the dollar was sold off and the euro saw a bid tone. Sterling-dollar briefly regained 1.2900 while sterling-euro fell back from around 1.0975 to inch ever closer towards 1.0900.
The dollar has come under pressure recently as traders have become less confident in President Trump’s ability to pass key tax and infrastructure measures. In a speech last night, Trump recommitted the US to the conflict in Afghanistan.
|Currency Pairing||08:00 Today||Vs 08:00 Yesterday||Four-Week High||Four-Week Low||% Change|
|GBP / EUR||1.0919||1.1248||1.0911||3.00%|
|GBP / USD||1.2874||1.3272||1.2832||3.32%|
|EUR / USD||1.1791||1.1912||1.1612||2.52%|
|GBP / NZD||1.7598||1.7929||1.7398||2.96%|
|GBP / CAD||1.6169||1.6727||1.6134||3.55%|
Today's Market Highlights
UK Public Sector Net Borrowing (09:30 BST) is projected to have been lower in July. A deficit may weigh on the pound.
Economic Sentiment in both Germany and the Eurozone overall is forecast to have fallen in August (10:00 BST). This could weigh on the euro, but a notable change in the index would likely be needed for significant euro movement.
Subdued Canadian Retail Sales may weigh on the loonie this afternoon (13:30 BST).
Attention this week continues to be primarily on the upcoming central banker symposium at Jackson Hole, where comments from ECB President Draghi and Fed Chair Yellen will be closely watched.
Today's Economic Calendar
|09:30||GBP||Public Sector Net Borrowing (Jul)||£0.400B||£6.278B|
|10:00||EUR||German ZEW Economic Sentiment (Aug)||15.0||17.5|
|10:00||EUR||Eurozone ZEW Economic Sentiment (Aug)||34.2||35.6|
|13:30||CAD||Retail Sales MoM (Jun)||0.3%||0.6%|
|13:30||CAD||Core Retail Sales MoM (Jun)||0.0%||-0.1%|
|14:00||USD||Housing Price Index MoM (Jun)||0.4%||0.4%|
|15:00||USD||Richmond Fed Manufacturing Index (Aug)||12||14|