While the stats will influence the market appetite for the US dollar, Fed commentary also needs consideration.
Fed Chair Powell is on the calendar to deliver speeches on Wednesday and Thursday. FOMC members will also speak throughout the week.
The EUR
The performance of the German economy will draw investor attention in the week ending November 10, 2023. Economic indicators from Germany could impact the appetite for the EUR/USD.
On Monday, German factory orders and the finalized euro area services PMI figures will garner investor interest.
Barring revisions to the PMIs for France and Germany, factory orders and the Eurozone PMIs will likely have more impact.
German industrial production and finalized inflation figures will be in focus on Tuesday and Wednesday. EUR/USD sensitivity will likely intensify as investors begin considering Q4 data.
In the second half of the week, the ECB will be in focus….
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