Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
Havana Protests Erupt as Cuba Faces Severe Blackouts and Fuel Crisis 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility 
Fundamentals to watch out for this week
Compared to last week, this week is relatively quiet with few data that could rapidly increase volatility in the market.
What to watch for over the coming days:
- UK economic data:
Time has come to pay some extra attention as the first batch of key economic data from the post-referendum UK become available this week. There are inflation data on Tuesday, Employment data on Wednesday and retail sales data on Thursday. All these data are for the month of July.
- US economic data and Fed speakers:
Not many economic dockets but all with high volatility risks associated On Monday, there is house price index from the National Housing Board, consumer price inflation data on Tuesday, and FOMC minutes on Wednesday. Several Fed speakers are scheduled this week; Fed’s Lockhart on Tuesday, Bullard on Wednesday, and Williams on Thursday.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
