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USD has eased off across the G10 currency.....>

FOREX
FOREX: USD has eased off across the G10 currency board, albeit only slightly, in
the wake of yesterday's rally in DXY. Nothing new seems to have driven the move,
which points to its corrective nature. Lack of major fresh signals has
translated into the subdued character of trading activity so far, with all G10
crosses respecting very tight ranges.
- Fed's Kaplan highlighted the low odds of recession within the next 12 months,
noted that the current monetary policy settings are "on the margin of being a
little accommodative." He also said that developments in global bond markets
suggest that monetary policy may not be sufficient to boost growth.
- U.S. tertiary Q2 GDP, pending home sales and wholesale inventories, as well as
Swedish economic tendency survey provide the highlights on today's data docket.
Central bank speakers' list includes BoJ Gov Kuroda, ECB Pres Draghi, BoE's
Cunliffe, as well as Fed's Kaplan, Bullard, Clarida, Daly, Kashkari and Barkin.

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