RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectations declined to 3.6 percent in June from 4 percent last month. Employment rose by 42,000, largely driven by full-time employment. The unemployment rate declined to 5.5 percent.
Upcoming:
- France: Consumer price inflation report will be released at 6:45 GMT.
- Switzerland: Producer and import price inflation report will be released at 7:15 GMT. SNB will announce interest rate decision at 7:30 GMT.
- Italy: Consumer price inflation report will be released at 8:00 GMT.
- United Kingdom: Retail sales report for May will be reported at 8:30 GMT. BoE will announce interest rate decision at 11:00 GMT.
- Greece: First quarter unemployment numbers will be published at 9:00 GMT.
- Eurozone: April trade balance report will be released at 10:00 GMT.
- United States: New York Empire State manufacturing report will be published at 12:30 GMT, along with weekly jobless claims report, terms of trade for the month of May, and Philadelphia Fed manufacturing index. Industrial production numbers for May will be published at 13:15 GMT, followed by NAHB housing market report at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- Canada: Manufacturing shipments reports will be released at 12:30 GMT.
- New Zealand: Business PMI report will be released at 22:30 GMT.
