Morning Bid: Inflation expectations
The European Central Bank publishes inflation expectation surveys on Tuesday, which along with policymaker speeches are the highlight of an otherwise quiet calendar.
French central bank governor Francois Villeroy de Galhau gave succour to expectations of more cuts, remarking to a German newspaper that policymakers should keep freedom on the timing and pace of future moves.Sterling and the New Zealand dollar touched two-month highs as they poked towards the top of recent ranges, while Japanese officials have resumed verbal warnings about the yen's weakness as the currency drifts back towards multi-decade lows.
Japanese corporate services prices rose at their fastest pace since early 2015 in April, data showed on Tuesday, an encouraging sign for sustainable inflation in Japan. U.S. markets return from a holiday on Tuesday and move to a shortened settlement cycle, with market participants and regulators on watch for any difficulties. Some dealers say it may draw Asian investors into early-morning currency trade.Scan QR code to install app
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