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Canada: Unemployment rate (Jul) fell to 7.0%

FXStreet (Edinburgh) - The Canadian jobless rate has ticked lower during July, falling to 7.0% from 7.1% previous and forecasted. The Net Change in Employment increased by a meagre 0.2K vs. forecasts for a 20.0K expansion. Further data showed that the Participation Rate diminished to 65.9% from 66.1%.

BoE's August Inflation Report expected to provide details on rate hike timing - RBS

Ross Walker, Senior UK Economist at RBS suggests that BoE's BoE's August Inflation Report, due out on Wednesday, should contain guidance on the possible timing of the first rate hike.
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Morgan Stanley staying short EUR/USD - eFXnews

The eFXnews team remark that Morgan Stanley remains bullish on the USD following the recent string of better than expected US data.
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