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Fed's Hammack Urges Faster Rate Hikes to Fight Inflation 
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RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Germany: Import price inflation numbers for May will be published at 6:00 GMT.
- United Kingdom: Nationwide house price data for June will be released at 6:00 GMT.
- Switzerland: UBS consumption indicator for May will be reported at 6:00 GMT. Zew survey report for June will be published at 8:00 GMT.
- France: Consumer confidence report for June will be released at 6:45 GMT.
- Spain: Retail sales report for May will be released at 7:00 GMT.
- Eurozone: Private loans and money supply data for May will be released at 8:00 GMT. ECB President Draghi will be speaking at 13:30 GMT at ECB organized central bankers’ meet, along with BoE’s Carney, BoJ’s Kuroda, and BoC’s Poloz.
- Italy: Flash Consumer inflation numbers for June will be updated at 9:00 GMT.
- United States: MBA mortgage applications numbers will be updated at 11:00 GMT, followed by the release of wholesale inventories report for May, along with Goods trade balance for the same month. Pending home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:00 GMT.
- Japan: Retail trade report will be published at 23:50 GMT.
