There is quite an unusual price context for new week’s economic events, which include June US CPI, retail sales, and industrial production, along with China’s Q2 GDP, and the meetings for the Reserve Bank of New Zealand, the Bank of Canada, and the Bank of Japan. In addition, the US Treasury will sell $120 bln in coupons while the US earned income tax credit and the child tax credit is rolled out. The dollar surged even while interest rates fell. The US 10-year yield...
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