What's coming up later
It's a light day for scheduled economic data but there is plenty of risk from Turkey, twitter and NAFTA.
In terms of scheduled news, at the bottom of the hour the US July import/export price index is due. This is one to keep an eye on in the months ahead, especially if the tariff war escalates. The consensus is for a flat month-over-month reading on imports.
At the same time, CAD traders will be keeping an eye on the Teranet July house price index. There is no consensus but the prior was +2.9% y/y.
The only other notable release is at 1500 GMT when the NY Fed publishes its Q2 household debt and credit report.
For more details and what's coming up later, check out the economic calendar.
