Indonesia Consumer Confidence up to 117.8 in June from previous 117.5

Japan's top trade negotiator, Ryosei Akazawa, said on Thursday that the US Dollar's (USD) status as global reserve currency remains solid. Akazawa added that Japan is unlikely to face US demands to prop up Japanese Yen as the USD is more susceptible to selling.

US President Donald Trump said Wednesday that the new 50% tariff on US copper imports, which he had announced the previous day, will take effect on August 1, per Reuters. The decision was made after he received a national security assessment. 

Japan Producer Price Index (YoY) in line with expectations (2.9%) in June

Japan Producer Price Index (MoM) in line with forecasts (-0.2%) in June

Japan Foreign Investment in Japan Stocks declined to ¥611.7B in July 4 from previous ¥651.3B

United Kingdom RICS Housing Price Balance above expectations (-8%) in June: Actual (-7%)

BTCUSD reached a record high in levels just shy of the $112,000 mark following the closing bell on Wall Street on Wednesday.

United States 10-Year Note Auction declined to 4.362% from previous 4.421%

US President Donald Trump hit the ground running on Wednesday, unveiling his next list of countries that will be facing double-digit tariffs on August 1 if satisfactory trade deals are not delivered. Trump also reiterated his warnings of an additional 10% tariff on any BRICS-aligned country.

Another round of the White House-Federal Reserve dispute saw President Donald Trump urge the Fed to decrease its interest rate by a minimum of 3 percentage points, reiterating his request for the bank to lower rates to alleviate the cost of servicing the nation's debt.

United States Wholesale Inventories in line with forecasts (-0.3%) in May

The Minutes of the United States (US) Federal Reserve’s (Fed) June 17-18 monetary policy meeting will be published on Wednesday at 18:00 GMT.

Mexico 12-Month Inflation came in at 4.32%, above expectations (4.31%) in June

Mexico Headline Inflation came in at 0.28%, above forecasts (0.27%) in June

Mexico Core Inflation above forecasts (0.38%) in June: Actual (0.39%)

There is a chance for US Dollar (USD) to rise above 7.1900 against Chinese Yuan (CNH), but it might not be able to maintain a foothold above this level.

While presenting the Financial Stability Report on Wednesday, Bank of England (BoE) Governor Andrew Bailey noted that firms are telling them that higher uncertainty is delaying investment decisions, including capital raising, per Reuters.

United States MBA Mortgage Applications rose from previous 2.7% to 9.4% in July 4

Market expects a dovish hold in July, with Fed Chair Powell hinting at a September cut. Vice Chair Waller and Governor Bowman’s comments in June increase the risk of two dissents. Dissents would raise the possibility of a more divided and perhaps more politicised FOMC in the future.

United Kingdom 10-y Bond Auction: 4.635% vs 4.588%

Greece Consumer Price Index - Harmonized (YoY): 3.6% (June) vs 3.3%

Greece Consumer Price Index (YoY) climbed from previous 2.5% to 2.8% in June

The Kiwi dollar fluctuated after the RBNZ held overnight, and is now back at yesterday’s 0.600 close, ING's FX analyst Francesco Pesole notes.

China’s Consumer Price Index (CPI) turned mildly positive in Jun after declining from Feb till May. Headline CPI rose 0.1% y/y (Bloomberg est: -0.1%; May: -0.1%). Core CPI (excluding food & energy) edged up slightly to 0.7% y/y from 0.6% y/y in May.

EUR/USD might have found a short-term anchor at 1.17. Despite the post-NFP hawkish repricing in the USD OIS curve, the two-year swap rate gap remains 15-20bp wider than a month ago.

GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground amid increased risk aversion.

AUD/NZD holds ground after the Reserve Bank of New Zealand (RBNZ) decided to stand pat on the policy rate after six consecutive cuts, trading around 1.0890 during the Asian hours on Wednesday.

New Zealand RBNZ Interest Rate Decision meets forecasts (3.25%)

China’s Consumer Price Index (CPI) rose at an annual pace of 0.1% in June after declining 0.1% in May, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0% in the reported period.