[B]Fundamental Headlines[/B]
- [B]USDJPY -[/B] Japanese yen continues to garner strength from profit taking on carry trade candidates. Industrial production in the overnight showed higher than expected figures, rising 1.2 percent in the month.
- [B]NZDUSD -[/B] Building permits rise higher by 15.8 percent on the month over month assessment in June. Previous figure revised higher to 5.8 percent. Money supply figures were also higher, rising 10.8 percent.
- [B]EURUSD -[/B] French producer price figures rises 1.9 percent year on year - much higher than expected.
- [B]GBPUSD -[/B] UK June mortgage approvals rise 114K, higher than the consensus 110K but slightly lower than the 115K average. Figure may signal some declines in lending in months to come.
- [B]LDP suffers[/B] heavy defeat in election. Upper house majority now compromises leadership power of Abe administration.
- [B]China[/B] increased reserve requirement ratio by 50 basis points. Decision comes as sixth this year in order to curb lending investment and spending in the economy.
