Flash: Focus Turns to the US - BBH

FXstreet.com (London) - Focus will turn to the US said said Marc Chandler, Global Head of Currency Strategy BBH Global Currency Strategy Team, but meanwhile he gave key highlights.

Key Quotes:

“Japan’s PMI fell in July; the softness of the manufacturing sector and the lack of upward pressure on wages spurs talk that the biggest impact of Abenomics may be past”

“In Europe, Italy and Germany reported better-than-expected jobs data, but this is not translating into aggregate demand”.

“We briefly discuss the other data releases in Europe, including consumption figures and retail sales”.

“Reports suggest that Draghi is likely to announce that the ECB will release some form of minutes, like other central banks do”.

“The Italian Supreme Court resumes its hearing on Berlusconi's appeal”.

“Out of the US, we have the Treasury quarterly refunding needs, and the FOMC”.

“A post-FOMC dollar decline is likely to be tempered by expectations of a dovish BOE and ECB tomorrow”.

“The trade deficit brought some much needed positive news for Turkey”.

“South Africa’s June trade is due out shortly”.