U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: House price growth up 5 percent y/y in June.
Upcoming:
- Italy: Industrial sales and orders report will be released at 8:00 GMT, followed by CPI inflation report at 9:00 GMT.
- United Kingdom: BoE governor Carnet is set for a speech at 8:00 GMT. ILO unemployment report will be released at 8:30 GMT. NIESR might release GDP estimate today.
- Canada: Manufacturing shipments report for the month of May will be released at 12:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT. Industrial production report will be released at 13:15 GMT. Fed’s Powell is set to testify before Senate committee today; the hearing would begin at 14:00 GMT. NAHB housing market report will be released at 14:00 GMT. Treasury flow report will be released at 20:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month and 12-month bills at 15:30 GMT.
