A quiet day ahead on the economic calendar, leaves the stats from the U.S and the U.S economy in focus later today.
It was a quiet start to the day on the economic calendar this morning. A number of key markets were closed for the day, including China and the Australian and New Zealand markets.
While a number of key markets were closed, the Japanese Yen was in action this morning.
The services sector was in focus this morning.
In March, the services PMI increased from 46.3 to 48.3, which was the highest reading since January 2020.
According to the March survey,
The Japanese Yen moved from ¥110.657 to ¥110.655 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.10% to ¥110.58 against the U.S Dollar.
At the time of writing, the Aussie Dollar was up by 0.17% to $0.7623, with the Kiwi Dollar up by 0.03% to $0.7034.
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone today, with the major markets closed today.
At the time of writing, the EUR was up by 0.10% to $1.1771.
It’s also particularly quiet day ahead on the economic calendar. There are no material stats due out with the UK on holiday.
At the time of writing, the Pound was up by 0.06% to $1.3840.
It’s a relatively busy day ahead on the economic calendar. ISM Non-manufacturing PMI numbers for March are due out along with February factory orders.
Finalized Markit service sector and composite PMI numbers for March are also due out.
Expect the market’s preferred ISM Non-Manufacturing PMI to have the greatest impact on the Dollar and market risk sentiment.
Away from the economic calendar, geopolitics and chatter from Capitol Hill will continue to be areas of focus.
At the time of writing, the Dollar Spot Index was down by 0.08% to 92.951.
It’s a quiet day ahead on the economic calendar, with the Canadian markets closed.
A lack of stats will leave the Loonie in the hands of market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.11% to C$1.2564 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.