Forex news from the European trading session – 9 July 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.3%

ECB releases the accounts of its June monetary policy meeting
As mentioned before, September is the key meeting date to watch as that is when they might introduce some changes to the existing PEPP purchases.

Comments by BOE governor, Andrew Bailey
Nothing else of note so far but as mentioned earlier , the panel discussion isn’t likely to draw much significant policy remarks from both Lagarde and Bailey.

AUD/USD turns around the earlier drop to climb to 0.7460
The low today hit 0.7411 in Asian trading, which marked the lowest level for the pair since December, but things are quickly changing now in European trading as risk sentiment is also lookin more positive for the time being.

PBOC slashes the reserve ratio requirements
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This is the first RRR cut since April last year, when the economy was hit by the pandemic and is another message by Chinese officials that they are still trying to bolster economic growth despite recent concerns that support may be lesser to come by this year.