Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
Oil Prices Jump as U.S.-Iran Conflict and Strait of Hormuz Tensions Shake Global Markets 
US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher 
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow 
Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data 
Lots of data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Second quarter current account balance came at -9.6 billion.
- China: Caixin services PMI grew to 52.7 in August.
Upcoming:
- Australia: RBA rate decision at 4:30 GMT.
- Switzerland: Second quarter GDP report will be released at 5:45 GMT.
- Spain: Markit services PMI report will be released at 7:15 GMT.
- Italy: Markit services PMI report will be released at 7:45 GMT.
- France: Markit services PMI report will be released at 7:50 GMT.
- Germany: Markit services PMI report will be released at 7:55 GMT.
- Eurozone: Markit services PMI report will be released at 8:00 GMT, followed by retail sales report for July at 10:00 GMT.
- United Kingdom: Services PMI report will be published at 8:30 GMT.
- United States: ISM New York report will be released at 13:45 GMT, followed by factory orders and TIPP economic optimism at 14:00 GMT. FOMC member Brainard is scheduled to speak at 12:55 GMT, Kaqshkari at 17:10 GMT, and Kaplan at 22:05 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month, 3-month, and 6-month bills at 15:30 GMT.
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