Major overnight headlines:
• RBA’s Stevens says “would not be surprised” to see AUD lower as PBoC adds liquidity via money markets
• Swedish GDP shrinks 0.1% QoQ in Q1 versus a rise of 0.1% expected
• Japanese jobless rate at 3.9% in June, marking the lowest level since late 2008
• Spanish GDP down 0.1% QoQ in Q2, in-line
Read the full report: FX Strategy
BMO