USD slips further and threatens test of lows for the year. Bernanke to make key semi-annual report to Congress tomorrow.
Are we nearing another pivot point? JPY crosses maintain rally on interest rate moves and sustained vertical ascent in risk.
MAJOR HEADLINES – PREVIOUS SESSION
New Zealand Jun. Performance of Services Index fell to 45.0 vs. 46.2 in May
UK Jul. Rightmove House Prices rose +0.6% MoM and -3.1% YoY vs. -0.4%/-5.5% in Jun.
Australia Q2 Producer Price Index fell -0.8% QoQ vs. -0.2% expected and -0.4% in Q1
Germany Jun. Producer Prices fell -0.1% MoM vs. +0.4% expected
Canada May International Securities Transactions out at 18.9B vs. 7.0B expected
Canada May Wholesale Sales dropped -0.3% vs. -2.0% expected
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