Forex Focus on UK GDP and Canada Employment Data
EURUSD traders will start the trading day at 6:00GMT as the Germany June trade balance data will be released. France June industrial, manufacturing production is due at 6:45GMT. Italy July final CPI figures will be released at 9:00GMT.
GBPUSD traders will check the UK Q2 preliminary GDP report at 8:30GMT, the UK June monthly GDP data, UK June manufacturing, industrial, construction output and UK June trade balance data.
In American calendar today we have the Unemployment Rate and Employment Change in Canada due at 12:30GMT. In US the PPI m/m and core PPI m/m will be released at 12:30. Oil traders will keep an eye on Baker Hughes US Oil Rig Count due at 17:00.
Fitch Rating agency affirmed South Korea’s sovereign credit rating at “AA-” with a “stable” rating outlook despite the South Korea -Japan trade dispute.
China Consumer Price Index (Year over Year) came in at 2.8%, above expectations of 2.7% in July, the Producer Price Index (Year over Year) came in at -0.3% below expectations of -0.1% in July.
The PBOC set the Yuan (USDCNH) reference rate at 7.0136 versus yesterday’s fix of 7.0039.