ForexLive European FX news wrap: Dollar tepid ahead of US CPI report ...Middle East

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ForexLive European FX news wrap: Dollar tepid ahead of US CPI report
Headlines:US inflation to hog the spotlight in trading todayWhat is the distribution of forecasts for the US CPI?The CPI importance is fadingDollar a touch softer awaiting the US CPI report laterUK May monthly GDP +0.4% vs +0.2% m/m expectedGermany June final CPI +2.2% vs +2.2% y/y prelimIEA sees oil demand growth slowing as China consumption easesGerman manufacturers still taking a more pessimistic view for the remainder of the yearMarkets:EUR and GBP lead, CAD lags on the dayEuropean equities higher; S&P 500 futures down 0.1%US 10-year yields up 0.4 bps to 4.284%Gold up 0.4% to $2,381.19WTI crude up 0.4% to $82.44Bitcoin up 1.9% to $58,477It was a mostly sideways session and very much expe

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