At 2:00 AM Germany June WPI m/m (exp 0.3%, prev 0.3%)
Germany June WPI y/y (exp 2.1%, prev 2.4%)
At 8:15 AM Canada June Housing Starts (exp 216.5k, prev 229.7k)
At 9:00 AM Bank of Canada Monetary Policy Decision (exp 4.5%, prev 4.25%)
At 10:00 AM US May Wholesale Inventories (exp 0.4%, prev 0.3%)
The major currency pairs are little changed in early Tuesday trading amid a dearth of fresh news. The dollar continues to hover near 1.3620 against the euro and 2.0156 versus the sterling.
The US economic calendar will see US May wholesale inventories at 10:00 AM, forecasted to edge up marginally to 0.4% from 0.3% in April. However, the key point of focus among traders in the Tuesday session will be Fed Chairman Bernanke’s speech on inflation to the NBER.
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