Light economic calendar greets North American traders but plenty to mull

<p>All eyes are on China at the moment as efforts to revive the economy appear to be floundering and the market is losing faith. That's led to risk aversion with S&amp;P 500 futures down 25 points despite Treasury yields down 5-7 bps.</p><p>In terms of economic data, nothing is scheduled today for the US but there is a 30-year TIPS auction at 1 pm. The speakers' <a href="https://www.forexlive.com/EconomicCalendar" target="_blank" rel="follow">calendar </a>is also bare.</p><p>For Canada, we get the July PPI report at 8:30 am ET.</p>

This article was written by Adam Button at www.forexlive.com.