The day to come:
It’s a busy day ahead on the economic calendar. The first private sector PMI figures for November for France, Germany and the euro zone are expected later today.
With parts of the EU back in lockdown mode, expect great digit sensitivity. The ECB has provided support next month, today’s numbers could give an idea of what kind of support to expect.
At the time of writing, the euro was up 0.03% to $ 1.1861.
For the pound
It’s a relatively busy day on the economic calendar. The first private sector PMI figures for November are expected.
With foreclosure measures in place at the start of the month, today’s figures could force the BoE to issue negative rates …
Far from the economic calendar, Brexit will remain a key area of intervention. From the weekend, the announcement of a post-Brexit trade deal with Canada should bring swift support.
At the time of writing, the pound was up 0.19% to $ 1.3300.
Across the pond
It is also a relatively busy day for the US dollar. The first private sector PMIs for November are expected. With labor market conditions in dire straits due to the containment measures in place, service sector activity will be the main focal point.
Far from the economic calendar, the Capitol Hill chatter and COVID-19 updates will remain key drivers.
At the time of writing, the Dollar Spot Index was down 0.03% to 92.360.
For the loonie
It’s a calm day on the economic data front. There are no important statistics intended to provide guidance to the Loonie.
The lack of statistics will leave the Loonie in the hands of US and EU PMI figures and COVID-19 news updates.
At the time of writing, the loonie was up 0.05% to C $ 1.3089 against the US dollar.
For an overview of all of today’s economic events, check out our economic calendar.