November 17, 2021
Economy

Private Sector PMIs Put the EUR, the Pound, and the Dollar in Focus

Earlier in the Day:

It is a busier start to the week on the economic calendar this morning. The Japanese Yen will be in focus in the early hours.

For the Japanese Yen

Prelim private sector PMIs numbers for June will draw interest this morning.

While the Eurozone, the UK, and the U.S have all seen marked improvements in private sector activity, Japan has continued to lag.

For the Japanese Yen, the PMIs will need to be particularly impressive to influence the Yen.

Economists have forecast the manufacturing PMI to see a modest increase from 53.0 to 53.1 and the services PMI to rise from 46.5 to 47.0.

At the time of writing, the Japanese Yen was flat at ¥110.65 against the U.S Dollar.

Elsewhere

At the time of writing, the Aussie Dollar was down by 0.01% to $0.7553, with the Kiwi Dollar down by 0.09% to $0.7019

The Day Ahead

For the EUR

It’s a busy day ahead on the economic data front….

Read full article here: www.fxempire.com