Major overnight headlines:
• Italian industrial orders rise 3.2% MoM in May, sharpest increase since January 2011
• UK PSNCR at 8.5 billion in June versus 8.0 billion expected, previous revised up to 11.0B from 8.8B
• Japanese purchases of foreign bonds highest since September 2012 during Jul 12 week
• Buba failed to back recent ECB change in ABS collateral rules, Sueddeutsche
Read the full report: FX Strategy
BMO