Strong US dollar and trade uncertainty impact global markets
The US dollar remains strong amid trade anxiety, attracting safe-haven flows. Inflation data could shake July Fed rate cut probability. UK, Canada, and Japan to release CPI numbers. Weak Chinese growth may lead to more stimulus calls. Dollar reacts differently to tariff concerns now, benefiting from safe-haven status. US inflation data for June could revive July rate cut bets and impact dollar strength. UK CPI data awaited as BoE seen cutting rates in August. Canadian and Japanese inflation figures also on tap. China releases trade and growth data amid trade uncertainty, with pressure on policymakers to introduce more stimulus measures. Earnings season begins with big banks reporting. All eyes on Netflix’s results on Thursday.
Read more at Investing.com: A Storm of CPI Data and China’s GDP in Focus Amid Trade Uncertainty