Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Building permits jumped 10.9 percent in June, down 2.3 percent from a year ago.
- Japan: Consumer confidence improved to 43.8 in July.
Upcoming:
- Spain: Unemployment change report will be published at 7:00 GMT.
- Switzerland: Retail sales report for June will be published at 7:15 GMT, followed by July PMI report at 7:30 GMT.
- United Kingdom: Construction PMI report will be published at 8:30 GMT.
- Eurozone: MBA mortgage applications report will be published at 11:00 GMT, followed by ADP employment report at 12:15 GMT. ISM New York report will be published at 13:45 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC member Mester is scheduled to speak at 16:00 GMT and Williams at 19:30 GMT.
- Australia: AiG performance of services index will be updated at 23:30 GMT.
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