Major overnight headlines:
• USD bounces very modestly in London trading as US 10-year yield creeps back above 2.50%, spot gold inches lower
• UK BBA mortgage approvals rise to 37.3k in June from 36.3k in May
• China’s Li says China should grow “above reasonable 7.5% floor, bottom line is 7.0%”, Thomson Reuters
Read the full report: FX Strategy
BMO