Good Morning Traders!
Here is what else to keep in mind.
The stronger-than-expected yuan fixing and the comments from the Japanese Ministry of Finance contributed to hints of pushback against the strengthening US currency, as the dollar dropped versus all of its Group of 10 counterparts.
China’s economy lost more momentum in June as manufacturing activity contracted again and the services and construction sectors missed expectations, adding to the urgency for more policy support.
Strong economic statistics led traders to bet that the Federal Reserve will hike rates twice more this year, which led to a decline in global bonds and a spike in Treasury yields to their highest level since March.
No speakers, today.
Good Luck Today Traders!