A volatile global environment, with some easing in concern over Ukraine offset by an escalation in Iraq, is being watched carefully by markets. This week the economic focus will be on Japan’s Q2 GDP, expected to contract – 7%q/q ann or –1.8%q/q; the BoE’s Inflation Report, European growth and inflation releases and US retail sales. The Fed’s Fischer spoke in Stockholm, sounding less dovish than many might have expected. Later this week we will hear from the Fed’s Dudley and Rosengren.
Read the full report: FX Daily