Powell comments on tariffs, trade – Would like to see freer trade, more protectionism would be a negative Trade issues have not shown up in data yet On global growth slowing:
People’s Bank of China daily reference rate setting for the onshore yaun Higher for the CNY after yesterday’s intervention to support it PBOC skips open market operations
Quarles comments not related to his view on the economy nor monetary policy Quarles is vice chair for supervision of the Federal Reserve Board of Governors. As a Gov he gets an FOMC vote
Comments by ECB member Klaas Knot – There are downside risks on the horizon – Resilience of Eurozone economy is much higher ForexLive Knot is known to be a hawk so his remarks here by brushing aside the economic slowdown is not all too surprising really.
ECB member and Bundesbank chief Jens Weidmann on the wires – ECB should not take lightly side effects of ultra loose policy – Inflation in Eurozone now broadly in line with price stability ForexLive
Powell is to speak from 1630GMT at an event hosted at the Dallas Fed to reviews post-hurricane Harvey recovery efforts Later, also speaking is Bostic (1800GMT), from Madrid
Germany’s central bank comments in its monthly report – Risks to future activity are skewed to the downside – Probability has increased for a sharp downturn exposing vulnerabilities ForexLive
Crude Oil inventory will be released at 1600GMT The EIA natural gas storage showed a 39BCF change this week. That is a bit higher than the 33 BCF estimate. The impact is limited.
Michael Gove lays down conditions to be Brexit Secretary Dominic Raab, the former Brexit secretary resigned earlier today. ForexLive
US business inventories ForexLive