Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
The U.S. Treasuries steadied Friday, as investors wait to watch the country’s gross domestic product (GDP) for the second quarter of this year, scheduled to be released today by 12:30GMT. Also, due today is the Federal Open Market Committee (FOMC) member Bullard’s speech, which shall add further direction to the debt market.
The yield on the benchmark 10-year Treasuries hovered around 2.97 percent, the super-long 30-year bond yields slipped 1/2 basis point to 3.09 percent and the yield on the short-term 2-year traded 1 basis point lower at 2.67 percent by 10:50GMT.
After a relatively modest increase in GDP at the start of the year of 2.0 percent q/q annualised, expectations are for a sharp acceleration. Indeed, a reading around 4-1/2 percent q/q annualised, would not be a big surprise. But the latest figures, including slightly disappointing June trade and inventory data, suggest that risks to this estimate are skewed to the downside, Daiwa Capital Markets reported.
Nevertheless, net exports are still set to provide a significant positive contribution, while other major components, private consumption and fixed investment, should also add to growth. Among other announcements, the University of Michigan Consumer sentiment survey will be most notable.
Meanwhile, the S&P 500 Futures edged 0.07 percent higher to 2,844.75 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 90.33 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
