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During the week commencing the 13th of July, market participants will an economic calendar, which is slightly on the lighter side. But probably, the main focus might fall on the US June inflation numbers, where the headline YoY figure is expected to ease a bit, from 4.2%, to 3.9%. The Bank of Canada might be hitting the spotlight, as the Bank will be deciding on their rate. At the time of writing there is no available forecast for the rate, we believe that the Committee will keep the rate unchanged, at least for now.