Headlines the Economic Calendar on Tuesday
1. US Producer Price Index
Watch out for US Producer Price Index today. The US PPI is predicted to come out at -0.7% year-on-year basis. While the Core PPI inflation is expected to rise to 0.4% from 0.1%. A lower than expected reading should be taken as negative for the US Dollar.
2. Canada Housing Data
Canada Housing Starts is a critical indicator of economic strength in Canada. The market expects housing starts to ease to 210.0K in July from 211.7K in the previous number.