Economic Data, Monetary Policy, and U.S Politics Put the EUR and the Dollar in Focus
Earlier in the day:
It was a quiet start to the day in the economic calendar this morning. There were no material statistics to guide the Asian session.
Although there were no substantial statistics, the debate centered on the Vice Presidents this morning.
For the race to the Oval Office in particular, Harris's performance could have a significant impact on the presidential election.
Expect a victory in the Harris debate, which weighs on market risk sentiment and boosts demand for the dollar and Japanese yen.
For the majors
At the time of writing, the Japanese yen was down 0.04% ¥ 106.02 against the US dollar. The Aussie dollar fell 0.11% to $ 0.7131 and the kiwi dollar fell 0.43% to $ 0.6552.
The day ahead:
For the EUR
It's a relatively calm day on the economic calendar. Key statistics included August trade data from Germany.
Aside from particularly impressive numbers, the statistics are likely to have a relatively subdued impact on the EUR.
Updates from the Brexit talks and market risk sentiment are likely to be the main drivers of the day.
While the Brexit talks will meet with great interest, the US chatter after the VP debate will also set the direction.
In terms of monetary policy, the ECB's monetary policy meetings are coming up. The minutes could give an idea of how much resistance there is to provide further political support.
At the time of writing, the EUR was up 0.02% to $ 1.1765.
For the pound
It's a particularly quiet day on the economic calendar. There are no material statistics that give the pound a direction.
The lack of statistics leaves the pound firmly in the hands of the Brexit updates.
At the time of writing, the pound was up 0.03% to $ 1.2923.
Across the pond
A relatively calm day is ahead for the US dollar. The weekly unemployment claims are the focus later in the day.
After disappointing wages outside of agriculture and last week's loss figures, an increase in claims would put risk appetite to the test.
Aside from the economic calendar, election chatter will also take center stage as markets react to the Vice Presidential debate.
The Dollar Spot Index was up 0.02% to 93.613 at the time of writing.
For the loonie
It's a relatively calm day. August data for the housing sector is released today. However, we do not expect the numbers to have any influence.
Market risk sentiment will be the main driver on this day.
At the time of writing, the loonie was down 0.01% against the US dollar to $ 1.3257.
In our economic calendar you will find all economic events of today.
This article was originally published on FX Empire
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