Markets are quiet leading into the NA session that will kick off earnings season with the release of Alcoa’s earnings. The majors are relatively quiet with some weakness from GBP and EUR on soft data and strong growth currencies leading into China’s CPI reportlater today (9:30pm EST). The highlight today is likely to come from the two Fed speakers with Lacker (non‐voting hawk) at 1pm EST who in the spring saw the first rate hike in early 2015; and Kocherlakota (voting dove) who could update his April comments that the Fed was undershooting on both mandates. Accordingly the two speakers could balance each other.
Read the full report: FX Daily