The date calendar is almost empty today. We will get Q2 GDp from South Korea, preliminary

  • expected 0.5% q/q, previous 0.6%
  • expected 0.8%, previous 0.3%
  • due at 2300 GMT, 1900 US Eastern Time

I see China promising more stimulus:

Let’s see if any ‘flooding’ irritating effect results. I doubt it, but I’ll watch the subtitles anyway. And at 0115 GMT (2115 US EST), the PBOC CNY reference rate setting is common. Bank covered USD/CNY above 7.25. But part of the bigger stimulus may be to let the yuan fall further.

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