United States Import Price Index (YoY) climbed from previous 6.7% to 7.1% in June

United States Export Price Index (YoY) down to 10.2% in June from previous 11.2%

Canada Foreign Portfolio Investment in Canadian Securities came in at $7.9B below forecasts ($15.21B) in May

Canada Canadian Portfolio Investment in Foreign Securities rose from previous $-11.36B to $22.27B in May

United States Building Permits Change fell from previous -0.7% to -3% in June

United States Building Permits (MoM) came in at 1.367M, below expectations (1.4M) in June

United States Housing Starts (MoM) above forecasts (1.31M) in June: Actual (1.427M)

United States Import Price Index (MoM) above forecasts (-0.7%) in June: Actual (0.3%)

United States Housing Starts Change climbed from previous -15.4% to 19% in June

ING’s Frantisek Taborsky reports a broad risk-off move in Central and Eastern Europe (CEE), with elevated Oil and higher core yields pushing CEE rates up. Hungarian assets have suffered heavy selling, which he links to crowded longs and profit-taking.

Societe Generale’s Anatoli Anenkov expects no policy change at next week’s European Central Bank (ECB) meeting, with the central bank reiterating its data-dependent, meeting-by-meeting approach. Recent Euro Area data, including Germany and France, have not significantly altered the outlook.

OCBC Bank strategists Sim Moh Siong and Christopher Wong note the Swiss Franc (CHF) has lost much of its safe-haven appeal as Swiss National Bank (SNB) intervention risk and low yields weigh on performance.

Iran’s Islamic Revolutionary Guard Corps (IRGC) warns of "more crushing" retaliation during the European trading session against the United States (US) and countries supporting it for hosting its bases.

According to a Kyodo News report, the Bank of Japan (BoJ) is expected to keep interest rates unchanged at 1% in the July policy meeting, people familiar with the matter told. The report also showed that the central bank will likely raise its growth forecast for the year.

Nordea’s Jan von Gerich expects the European Central Bank to leave policy rates unchanged at the July meeting, describing it as a pause rather than a shift in stance. Lower-than-expected June inflation and volatile Middle East developments reduce urgency for an immediate move.

Standard Chartered’s Dan Pan assesses new United States (US) Section 301 tariffs on Brazilian exports, noting a 25% levy effective 22 July that could rise to 37.5%.

Wells Fargo Economics, led by Tom Porcelli and colleagues, expects the Federal Reserve to keep the fed funds rate at 3.50%-3.75% through year-end 2027, with 10-year Treasury yields near 4.35% in 2026 and 4.30% in 2027.

Eurozone Current Account n.s.a dipped from previous €14.9B to €-6.2B in May

Eurozone Current Account s.a came in at €25.1B, above forecasts (€18.1B) in May

Commerzbank economists led by Dr. Marco Wagner and Dr. Jörg Krämer expect the European Central Bank (ECB) to leave rates unchanged in July but still deliver a further 25 bps hike in September.

United Overseas Bank (UOB) strategists Quek Ser Leang and Christopher Wong report EUR/USD has eased after Wednesday’s surge, with current price action seen as consolidation between 1.1420 and 1.1465.

Austria HICP (MoM) in line with forecasts (-0.3%) in June

Deutsche Bank’s Early Morning Reid describes a broad slump in global equities driven by renewed doubts over the AI trade. The S&P 500 fell 0.51% with futures down further, while the Nikkei, CSI 300 and Hang Seng posted sharp declines.

EUR/CAD remains flat after experiencing volatility, trading around 1.6070 during the early European hours on Friday. The currency cross may experience downward pressure due to potential weakness in the Euro (EUR).

Austria HICP (YoY) dipped from previous 3.7% to 3.2% in June

Austria HICP (MoM) came in at 0%, above expectations (-0.3%) in June

United Overseas Bank (UOB) strategists Quek Ser Leang and Christopher Wong note GBP/USD has corrected sharply from recent highs near 1.3556 but now looks set to consolidate between 1.3450 and 1.3520 intraday.

Japan’s Finance Minister Satsuki Katayama said on Friday that there’s no change to the government's stance that specific monetary policy means it's up to the Bank of Japan (BoJ) to decide. 

GBP/USD extends its losses for the second successive day, trading around 1.3460 during the Asian hours on Friday.

USD/IDR continues its losing streak for the fourth successive day, trading around 17,990 during the Asian hours on Friday.