Pound Sterling (GBP)
The Pound has made mixed movement today, with UK economic announcements serving to firm the Pound against some rivals but leave it weaker against others.
The data published on Friday consisted of the July trade balance, which showed a deficit reduction, and the annual construction output result for the same month, which shifted from -2.2% to -1.5%.
Next week, the UK’s inflation results for August will be announced; these are expected to show a rise on the month from -0.1% to 0.2%.
The single currency has steadily risen against its peers today, having been aided by a continued positive reaction to yesterday’s lack of alarming policy measures from the European Central Bank (ECB).
While the rate freeze at 0% had been forecast, there were concerns that ECB President Mario Draghi may alter other policy measures – but these fears proved unjustified.
More recently, Germany’s trade surplus for July has fallen from 24.7bn to 19.5bn, but the report had little impact on the Euro.
The next Eurozone ecostats to watch out for will come from Greece, where the nation’s negatively forecast annual industrial production and inflation rate results for July and August are respectively due.
US Dollar (USD)
The US Dollar has broadly recovered against its peers today following July’s rising consumer credit change data.
This figure came on Thursday night, and saw a shift upwards from 14.53bn to 17.71bn.
Today, the US currency could rise against peers after a pair of Fed speeches are delivered over the afternoon; Fed officials Eric Rosengren and Robert Kaplan are both expected to make remarks.
Australian Dollar (AUD)
The Australian Dollar has fallen across the board today, following the announcement of some worse-than-expected housing results for July.
On the month, home loans have fallen from 1.7% to -4.2%, while investment lending for homes has dropped from 3.3% to 0.5%.
The next Australian data will be Tuesday’s NAB business confidence score for August, which is predicted to rise on the month from 4 points to 6.
New Zealand Dollar (NZD)
The New Zealand Dollar has been in extremely low demand today, with the latest data out of the country showing that card spending fell on the month from 0.4% to -0.8%. Additionally, the retail variant of the figure dropped on the month from 0.2% to -0.4%.
The next major NZ news will come on Monday night, when the decline-predicted annual food inflation result for August is due to be announced.
Canadian Dollar (CAD)
The Canadian Dollar has been in a state of fluctuation today, with Thursday’s spread of data providing uncertainty overall for investors.
The July building permits rose on the month from a negative range, while the new housing price indices also increased notably.
For housing starts in August, however, a drop was seen from 194.7k to 182.7k.
The day’s Canadian data will consist of the August unemployment rate, as well as the unemployment change for the same month. Forecasts have been for no change in the current rate from 6.9% and a rise in the number of employed persons by around 3.2k.