The ECB left its policy rates unchanged, as expected, while President Lagarde also failed to surprise markets.
The Greenback, in the meantime, regained some fresh oxygen on the back of higher yields ahead of Fed speakers on Friday. Here is what you need to know on Friday, July 19: A decent rebound encouraged the USD Index to flirt once again with the 104.00 region amidst a pick-up in US yields across the curve. Absent data releases on the US calendar on July 19, the focus of attention will be on speeches by the Fed ’s Daly, Bowman, Williams, and Bostic.
Retail Sales in the UK will take centre stage on July 19 along with Public Sector Net Borrowing and the GfK Consumer Confidence. The improvement in the sentiment around the Greenback and higher US yields prompted USD/JPY to regain some upside traction and surpass the 157.00 mark. Japan’s Inflation Rate will be at the centre of the debate on July 19 seconded by weekly Foreign Bond Investment figures.
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