RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
South Korean Won Leads Asian FX Losses as Dollar Rises 
US Dollar Near Two-Month Low as Markets Await Inflation Data 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Fears 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Lots of economic dockets scheduled for today and some with high risks associated.
Data released so far:
- Australia: Westpac leading index remained flat for August.
Upcoming:
- Japan: Bank of Japan (BoJ) will announce monetary policy sometime during Asian hours.
- Eurozone: ECB will hold non-monetary policy today at 7:00 GMT.
- United Kingdom: Public sector net borrowing data for August will be reported at 8:30 GMT. BoE will release quarterly bulletin at 11:00 GMT.
- United States: MBA mortgage applications data will be reported at 11:00 GMT, followed by FOMC interest rate decision at 18:00 GMT. EIA will announce monetary policy decision at 14:30 GMT.
- Switzerland: SNB will release third quarter economic bulletin at 13:00 GMT.
- Canada: Wholesale sales report will be published at 12:30 GMT, for the month of July.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
