Economic Data Puts the EUR in Focus, while COVID-19 Will Remain a Key Driver
Table of Contents
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the majors with direction in the early hours.
The lack of stats left the markets to respond to Friday’s NFP numbers from the U.S and the latest COVID-19 news updates.
On the Omicron news front, the continued spread of the new strain and rising infections amongst the double-vaccinated will be a concern as winter roles in.
For the Majors
At the time of writing, the Japanese Yen was down by 0.18% to ¥113.000 against the U.S Dollar, while the Aussie Dollar was up by 0.19% to $0.7014. The Kiwi Dollar was down by 0.01% to $0.6749.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic calendar. German factory orders and construction PMI figures are due out early in the European session.
Expect October factory orders to have the greatest influence on the EUR.
Away from the…