New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: House price growth up 5 percent y/y in June.
Upcoming:
- Italy: Industrial sales and orders report will be released at 8:00 GMT, followed by CPI inflation report at 9:00 GMT.
- United Kingdom: BoE governor Carnet is set for a speech at 8:00 GMT. ILO unemployment report will be released at 8:30 GMT. NIESR might release GDP estimate today.
- Canada: Manufacturing shipments report for the month of May will be released at 12:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT. Industrial production report will be released at 13:15 GMT. Fed’s Powell is set to testify before Senate committee today; the hearing would begin at 14:00 GMT. NAHB housing market report will be released at 14:00 GMT. Treasury flow report will be released at 20:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month and 12-month bills at 15:30 GMT.
