| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 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 |
| 08:00 | Switzerland | Credit Suisse ZEW Survey (Expectations) | May | -51.6 | | -52.6 |
| 08:00 | Eurozone | ECB President Lagarde Speaks | | | | |
| 11:05 | Japan | BOJ Governor Haruhiko Kuroda Speaks | | | | |
USD strengthened against its major counterparts in the European session on Wednesday, as investors awaited the release of the minutes from the Federal Reserve’s policy meeting later in the day.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.43% to 102.30, bouncing from its one-month low.
The minutes from the Fed's May meeting will be published at 18:00 GMT, and investors will look for clues about the pace of policy tightening by the U.S. central bank as it attempts to fight elevated inflation. It is of particular interest for market participants to find out how much consensus there was among the Fed’s policymakers about the 50bp rate hikes at the next several meetings, and whether there were some dissents about ruling out 75bp rate hikes.
According to the CME FedWatch Tool, markets see a nearly 90 percent chance of a 50 basis point hike in both June and July.