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.