Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility 
S&P Global Revises Mexico Credit Outlook to Negative Amid Rising Debt Concerns 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
US Stock Futures Slip as Iran Tensions and Hot Inflation Data Pressure Wall Street 
This week is quite risk heavy with lots of economic data from both developed economies as well as Asian giant like China.
What to watch for over the coming days:
- U.S. economic data:
Lot many economic dockets are scheduled for this week. On Monday, its consumer income and spending, consumer confidence on Tuesday, ADP employment report on Wednesday, Unit Labor costs and ISM manufacturing PMI on Thursday and finally the non-farm payroll report on Friday. Better data will increase the likelihood of a rate hike in September.
- UK economic data:
Focus will remain on UK data to assess the impact of the referendum. If it turns out that the UK economy is weathering the storm well, the sterling can go for larger recovery. Consumer credit, money supply, and mortgage approvals data will be released on Tuesday, house prices data scheduled for Wednesday release, and manufacturing PMI report on Thursday.
- Fed speakers:
Two prominent Fed speakers, Loretta Mester of the St. Louis Fed and Eric Rosengren of Boston Fed, both a voter in this year’s FOMC, are scheduled to speak this week.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
