e S&P Global Composite PMI is scheduled for release in Australia, followed by Japan later in the day. Later will be the turn of Europe and the US.ended the day mostly unchanged on a subdued Monday in financial markets. The focus remains on the ongoing negotiations over the US debt limit, with investors keenly awaiting any developments. US President Biden is scheduled to meet with House Speaker McCarthy later on Monday at 21:30 GMT to continue discussions.
Banking concerns continue to ease; however, a report by CNN on Friday indicated that Treasury Secretary Yellen told bank CEOs that more mergers may be necessary. Her comments suggest that a return to normalcy is still a ways off. On Tuesday, attention is expected to shift back to economic data, with the release of the S&P Global PMIs. Additionally, New Home Sales and Richmond Fed Manufacturing will also be released.
Commodity currencies traded in narrow ranges against the US dollar. USD/CAD rose marginally, closing above 1.3500. The pair continues to move sideways around the 20-day Simple Moving Average . On Tuesday, Canada is set to release its wholesale inflation data.remained below the 20-day SMA, but rose to the 0.6650 level during the American session. On Tuesday, Australia is scheduled to release its PMI data.
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