| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | Construction Work Done | Quarter I | 0.6% | 1% | -0.9% |
| 02:00 | New Zealand | RBNZ Interest Rate Decision | | 1.5% | 2% | 2.0% |
| 03:00 | New Zealand | RBNZ Press Conference | | | | |
| 05:00 | Japan | Leading Economic Index | March | 100.1 | | 100.8 |
| 05:00 | Japan | Coincident Index | March | 96.8 | | 97.5 |
| 06:00 | Germany | GDP (QoQ) | Quarter I | -0.3% | 0.2% | 0.2% |
| 06:00 | Germany | GDP (YoY) | Quarter I | 1.8% | 3.7% | 3.8% |
| 06:00 | Germany | Gfk Consumer Confidence Survey | June | -26.6 | -26 | -26 |
| 06:45 | France | Consumer confidence | May | 87 | 89 | 86 |
During today's Asian trading, the US dollar rose slightly against the major currencies, while market participants are preparing for the publication of the minutes of the last meeting of the Federal Reserve System (Fed).
Following the results of its May meeting, the Fed raised the rate by 50 basis points, to 0.75-1% per annum. The rate was raised immediately by 50 bp for the first time since 2000. At a press conference following the meeting, Fed Chairman Jerome Powell said that the Central Bank would consider raising the rate by 50 bps at the next few meetings, but rate increase by 75 bps at once is not actively discussed.
The minutes of the May meeting may present a "hawkish" surprise if it shows that Fed officials have seriously discussed a sharper tightening of policy to curb inflationary pressures, analysts say.
The US Dollar Currency Index (DXY), which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona) rose by 0.12% after falling by 0.31% yesterday.
The New Zealand dollar rose by 0.6% against the US dollar on the background of the results of the RBNZ meeting. As expected, the RBNZ raised the interest rate to 2% from 1.5%. Commenting on such a move, policy makers said that raising the rate reduces the risk that inflation will become persistent, and also provides greater policy flexibility in the future. The RBNZ signaled that the degree and timing of further tightening of monetary policy will depend on the economic outlook. According to RBNZ forecasts, the interest rate will rise to 3.5% by December 2022 and will peak at about 4% in 2023. This implies at least two more 0.5% rate hikes this year.