South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Building permits jumped 10.9 percent in June, down 2.3 percent from a year ago.
- Japan: Consumer confidence improved to 43.8 in July.
Upcoming:
- Spain: Unemployment change report will be published at 7:00 GMT.
- Switzerland: Retail sales report for June will be published at 7:15 GMT, followed by July PMI report at 7:30 GMT.
- United Kingdom: Construction PMI report will be published at 8:30 GMT.
- Eurozone: MBA mortgage applications report will be published at 11:00 GMT, followed by ADP employment report at 12:15 GMT. ISM New York report will be published at 13:45 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC member Mester is scheduled to speak at 16:00 GMT and Williams at 19:30 GMT.
- Australia: AiG performance of services index will be updated at 23:30 GMT.
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