•The dollar gained against most currencies
•USD surged after a research paper from
the San Francisco Fed
showed that investors see a more
modest pace of rate increases
than is indicated by Fed officials’
•Bank
of Japan released the minutes of its August 7-8
monetary policy meeting
•The
minutes revealed
that
the
Bank would continue its policy easing,
and maintained their
optimism to achieve the 2% inflation target
•In
recent comments BoJ Governor Haruhiko Kuroda said “I
do not
believe that a weakening yen is unfavourable for
the Japanese
economy” and considering the diverging paths of monetary
policy in
the US and Japan this will most likely be the case.
•Today’s
action:
•UK: Industrial
production and trade balance both for July
•US: NFIB
small business optimism for August , JOLTS report for July
•Canada: Housing
starts for August
•No speakers
scheduled on
Tuesday
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