BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Asian Gold Stocks Rise as Bullion Rebounds on Softer Dollar 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High 
Yemen Fighting Threatens Red Sea Oil Routes 
Oil Prices Fall as Saudi Supply Concerns Ease 
Iran Economic Crisis Forces Afghan Families to Return Home 
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Not many economic dockets scheduled for today but some with very high risks of volatility associated. The focus is on interest rate decision from Bank of England (BoE).
Data released so far :
- Australia: Consumer inflation expectations rose to 3.7 percent in July, up from 3.5 percent in June. The Unemployment rate ticked up to 5.8 percent as participation rate rose by 0.01 percent to 64.9 percent. Part-time employment declined by 30,500, whereas full-time employment rose by 38,400. New motor vehicle sales for June rose by 3.1 percent.
Upcoming:
- Switzerland: Producer and import prices for June will be released at 7:15 GMT.
- United Kingdom: Bank of England (BoE) will announce monetary policy at 11:00 GMT.
- United States: Producer price index for June will be released at 12:30 GMT, along with weekly jobless claims report. EIA will release its weekly natural gas report at 14:30 GMT. Fed’s Lockhart is scheduled to speak at 15:15 GMT.
- Canada: New house price index is scheduled at 12:30 GMT.
