Tuesday 11 July 10:10

With the market seeming to be expecting a soft CPI print tomorrow, the USD has continued to weaken. In other news, The UK reported better than expected wage growth this morning (UK time) which has helped the GBP to remain strong, although there could be troubling times ahead for the UK. Is a 7% interest rate on the cards? can the economy that? Only time will tell.

NZD and Canada have interest rate decisions tomorrow, any forward guidence will be scrutinised, are they already at peak rates?

The JPY is still strong in correlation with falling yields, which Is taking  a bit of pressure off the BOJ intervention talks. So it's all eyes on US CPI tomorrow for clues on the Federal reserve's future path of rate hikes.