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Steady As She Goes

FOREX

Extremely narrow ranges in play for the G10 FX space during early Asia-Pac hours, with the major USD crosses dealing little changed at typing. There has been a lack of tier 1 headline catalysts thus far, with much of the regional focus set to fall on the latest batch of Chinese inflation data (and to what degree commodities prices have driven PPI higher). Looking ahead to the London/NY sessions, the docket will be headlined by the latest Bank of Canada monetary policy decision and accompanying statement, although this is largely expected to be a placeholder for a live July meeting.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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