Key Financial News and Updates for July 24, 2024

European Central Bank speakers, including de Guindos, Lane, and Buch, are set to address the public on Wednesday, providing insights into the current economic landscape. Meanwhile, in Australia, a preview of the Q2 CPI suggests that a rate cut may still be on the table despite recent data.

Earnings results for July 23, 2024, are eagerly awaited, with AMC in focus. The currency markets saw the NZD/USD and AUD/USD extending their losses, while the PBOC set the USD/CNY mid-point lower than expected.

USD/JPY experienced volatility during the session, with Japanese importers driving the morning rally before a quick sell-off. The USD remained strong against major currencies like EUR, GBP, AUD, NZD, and CAD.

Overall, news and data flow were light, but market participants are keeping a close eye on upcoming events like the Bank of Japan meeting, which could further impact currency crosses. Stay tuned for more updates on global equities and oil markets as well.