The data calendar is almost bare today. From South Korea we'll be getting Q2 GDp, preliminary
- expected 0.5% q/q, prior 0.6%
- expected 0.8%, prior 0.3%
- due at 2300 GMT, 1900 US Eastern time
I see China is promising more stimulus:
Lets see if there is any 'flood-like' stimmy resulting. I doubt it but will have an eye on headlines anyway. And at 0115 GMT (2115 US Eastern time) is the regular PBOC CNY reference rate setting. The Bank has placed a lid on USD/CNY above 7.25. A part of more stimulus may be to let the yuan fall further though.
