Morning Bid: CPI test for G3 policy hawks - and lone dove

A look at the day ahead in European and global markets from Kevin Buckland

The world's biggest central banks all confirmed their policy stances from one venue on Wednesday, in the finale of the ECB'sGermany, Spain and Denmark all report June CPI figures, and the U.S. follows with the final reading of the core PCE price index for the first quarter. A little further afield, on Friday, Tokyo reports consumer price data - a leading indicator for Japan's nationwide figures due later.

The upshot was for the dollar to keep ticking merrily higher, venturing as far as 144.62 yen - and ever closer to the 145 line that many market players and analysts see as raising the risk of intervention.

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