| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:00 | Australia | MI Inflation Gauge, m/m | June | 1.1% | | 0.3% |
| 01:30 | Australia | ANZ Job Advertisements (MoM) | June | 0.4% | | 1.4% |
| 06:00 | Germany | Trade Balance (non s.a.), bln | May | 1.3 | | 0.5 |
| 06:30 | Switzerland | Consumer Price Index (MoM) | June | 0.7% | 0.3% | 0.5% |
| 06:30 | Switzerland | Consumer Price Index (YoY) | June | 2.9% | 3.2% | 3.4% |
During today's Asian trading, the US dollar consolidated against major currencies amid a lack of new catalysts and low trading activity due to a public holiday in the US.
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) fell by 0.02%. On Friday, the index rose by 0.43%.
The euro consolidated against the US dollar after a significant drop on Friday amid inflation data. The growth of consumer prices in the eurozone in June set another record and amounted to 8.6% in annual terms, again exceeding experts' expectations. Meanwhile, the looming threat of an energy crisis in Europe has clouded the region's economic growth prospects, making it even more difficult for the European Central Bank (ECB) to bring down inflation.
ECB President Christine Lagarde last week assured the market that the eurozone is unlikely to return to low inflation in the near future, and confirmed her intention to raise the key rate by 25 basis points in July, despite the fact that other ECB policymaker called for a faster rate increase.
Meanwhile, the US Federal Reserve System in June raised its key rate by 75 bp in June - the highest increase since 1994 - and the rate is expected to be raised again by 0.75% in July.
Market participants this week will pay attention to the publication of the minutes of the June Fed meeting - which may provide more clarity about the intentions of the regulator - and data on the US labor market for June.