BOC minutes: economy weak; inf excluding fuel "generally under control".

SOCGEN strategist Kit Juckes said EUR/USD could slow its decline after sliding to a one-year low of 1.1324 as rising Federal Reserve rate expectations and reduced bets on ECB tightening pushed the pair below the 1.14–1.20 range that held most of the past year, which may limit further downside. He said markets have largely repriced Fed and ECB outlooks and that new economic data will be needed to drive the next phase.

U.S. EIA refined‑product output rose 55,000 b/d in the week to June 19; prior -29,000 b/d.