Eurostat will release Producer Price Index data for July in the European session. In the second half of the day, July Goods Trade Balance, Factory Orders and JOLTS Job Openings data will be featured in the US economic docket. During the American trading hours, the Bank of Canada will announce monetary policy decisions and the Federal Reserve will release its Beige Book later in the session.
4% and 0.8%. EUR/USD edged lower on Tuesday but managed to recover above 1.1050 on Wednesday. Monthly PPI in the Euro area is forecast to rise 0.3% in August. GBP/USD registered small losses on Tuesday. The pair holds steady slightly above 1.3100 in the European session. USD/JPY turned south and snapped a four-day winning streak on Tuesday. The pair stays under bearish pressure early Wednesday and trades at around 145.00.