1️⃣ Asian stock markets closed positive, driven by positive sentiment on the tightening of the COVID-19 restrictions.
1️⃣ US dollar remained supported by the rising in US Treasury yields ahead of US inflation report.
2️⃣ NZD soared as investors are optimistic that RBNZ will raise its interest rate in the August meeting.
3️⃣ A sharp rising in US Treasury yields could weigh on the strength of the JPY, while CHF pressured by a decline in EUR.
1️⃣ WTI crude oil price traded around the $ 68 per barrel level, after a 3% rise in the previous session as investors remained worried about the rise in Delta variant COVID-19 infection cases in China.
2️⃣ Gold traded around $ 1,735, amid a surge in the U.S. dollar and a sharp increase in U.S. Treasury yields following hawkish comments from some Fed officials.
Economic Data Focus On Today
1️⃣ German Final Final CPI for July (14:00 Malaysia Time) — No Prediction — No prediction on revisions data.
2️⃣ US CPI for July (20:30 Malaysia Time) — Bullish Prediction — Rising petrol prices, as well as higher average incomes could increase inflation.