A calm economic calendar leaves the euro and the dollar in the foreground

Early in the day:

The start of the economic calendar day was relatively calm this morning. Inflation figures from China were in the spotlight this morning.

From china

In July, the annual inflation rate fell from 1.1% to 1.0%, compared to an expected annual inflation rate of 0.9%. On a monthly basis, however, consumer prices rose 0.3%, partially offsetting a 0.4% decline in June. Economists were forecasting an increase of 0.3%.

Wholesale inflationary pressures intensified, however, with the annual wholesale inflation rate falling from 8.8% to 9.0%. Economists had expected a rate of 8.7%.

The Australian dollar fell from $ 0.73366 to $ 0.73422 when the figures were released. At the time of writing, the Australian dollar was down 0.01% to $ 0.7355.

Somewhere else

At the time of this writing, the Japanese Yen was up 0.02% to 110.230 against the US Dollar, the Kiwi Dollar up 0.10% to $ 0.7017.

The day to come

For the euro

It’s a quieter day ahead on the economic data front. The German economy is once again the center of attention, with June trade expected.

With little further consideration for the markets, we can expect the euro to be sensitive to the numbers and to foreign demand in particular.

At the time of this writing, the Euro was down 0.03% to $ 1.1758.

For the pound

It’s a calm day ahead on the economic calendar. There are no hard statistics to give direction to the pound.

At the time of this writing, the pound was down 0.04% to $ 1.3867.

Across the pond

It’s a calm day ahead on the economic calendar.

JOLT’s job postings for June are expected to be posted later today. However, after Friday’s NFP figures, today’s statistics are unlikely to have a material impact on the dollar or the markets at large.

However, any chatter from FOMC members would generate a lot of interest.

At the time of writing, the US Dollar Spot Index was up 0.02% to 92.823.

For the loonie

It is a particularly calm day on the economic calendar. There are no important statistics outside of Canada to give direction to the loonie. The lack of statistics will leave the loonie in the hands of market risk sentiment that day.

At the time of this writing, the loonie was down 0.07% to C $ 1.2563 against the US dollar.

For an overview of all of today’s economic events, check out our economic calendar.

This article originally appeared on FX Empire

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