Heightened speculation of an ECB hike tomorrow fails to lend the Euro support

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Heightened speculation of an ECB hike tomorrow fails to lend the Euro support
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Overview: The US dollar is trading with a firmer bias against all the G10 currencies ahead today's August US CPI report. Even increased speculation th

in an unscheduled operation. The first thing tomorrow, Japan is expected to report a pullback in core machinery orders in July after a 2.7% jump in June. The preliminary July industrial production report showed a 2% decline, and this is subject to revision. Meanwhile, as anticipated, Prime Minister Kishida announced the first re-shuffling of his government's ministers.

Positioning for a stronger jobs report could see the Aussie test resistance in the $0.6450-60 area. A break of the $0.6390 area could signal a retest on last week's lows slightly below $0.6360. squeeze in Hong Kong, has boosted the costs of borrowing yuan to sell. The three-month cost is the most in five years.Given the national readings, the 1.1% decline in the eurozone's aggregate July industrial production is not much of a surprise.

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