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The economic calendar is light today ahead of Thursday’s US CPI report

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Tomorrow is the big event of the week with the July US CPI report due. The consensus on core and headline is +0.2% m/m and I will have plenty more on what to expect and how to trade it as the day rolls on.

For now, the lone items on the economic calendar are Canadian building permits at the bottom of the hour and US EIA weekly oil inventories at 10:30 am ET (1430 GMT).

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