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Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
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Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention 
Lots of economic dockets scheduled for today and some with high volatility risks associated.
Data released so far –
- Australia: Westpac consumer confidence declined by 3 percent in July.
- Japan: industrial production declined by 2.6 percent in May, down -0.4 percent from a year back.
Upcoming:
- France: CPI inflation for June will be released at 6:45 GMT.
- China: Trade balance for June will be released at 7:00 GMT.
- Spain: HICP inflation for June will be published at 7:00 GMT.
- Italy: Consumer price inflation for June will be released at 8:00 GMT.
- United Kingdom: Bank of England’s quarterly credit conditions report is due at 8:30 GMT.
- Eurozone: Industrial production for May will be released at 9:00 GMT.
- United States: MBA mortgage applications will be released at 11:00 GMT, followed by terms of trade at 12:30 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release Beige book at 18:00 GMT.
- Canada: BOC will announce monetary policy decision at 14:00 GMT.
- New Zealand: Business PMI for June will be released at 22:30 GMT.
- Auction: US will auction 30 year note at 17:00 GMT.
