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Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings down 0.3 percent y/y in July.
- Australia: GDP grew by 0.8 percent q/q, up 1.8 percent from a year ago.
Upcoming:
- Germany: Factory orders report for July will be published at 6:00 GMT.
- Italy: Retail sales report for July will be published at 8:00 GMT.
- United States: Mortgage report will be published at 11:00 GMT, followed by July trade balance at 12:30 GMT. ISM non-manufacturing report will be published at 14:00 GMT, along with TIPP economic optimism report. Fed will release the beige book at 18:00 GMT.
- Canada: Trade balance report for July will be released at 12:30 GMT, along with Labor productivity report. BoC will announce interest rate decision at 14:00 GMT.
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