| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | Retail Sales, M/M | May | 0.9% | 0.4% | 0.9% |
| 05:00 | Japan | Consumer Confidence | June | 34.1 | | 32.1 |
During today's Asian trading, the US dollar rose slightly against major currencies, continuing yesterday's rally caused by demand for “defensive” assets amid concerns about the prospects for the global economy.
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 0.10%. On Tuesday, the index rose by 0.51%.
The euro declined by another 0.20% against the US dollar after falling by 0.6% yesterday, reacting to statements by the head of the European Central Bank (ECB) Christine Lagarde. Speaking at a forum in the Portuguese city of Sintra, Lagarde confirmed that the regulator intends to raise key interest rates by 25 basis points in July. At the same time, she stressed that the ECB is ready for a more drastic tightening of policy to curb inflation, if necessary.
Meanwhile, analysts said that Asian currencies may show negative dynamics on Wednesday, as yesterday's fall in US stock indices may cause a new surge in demand for safe haven assets.