Ekonomické zprávy
13.10.2021

Asian session review: the dollar declined against major currencies

TimeCountryEventPeriodPrevious valueForecastActual
03:00ChinaTrade Balance, blnSeptember58.3346.866.76
06:00GermanyCPI, m/mSeptember0%0%0%
06:00GermanyCPI, y/y September3.9%4.1%4.1%
06:00United KingdomManufacturing Production (YoY)August6.1%4.1%4.1%
06:00United KingdomManufacturing Production (MoM) August-0.6%0%0.5%
06:00United KingdomIndustrial Production (YoY)August4.4%3.1%3.7%
06:00United KingdomIndustrial Production (MoM)August0.3%0.2%0.8%
06:00United KingdomGDP m/mAugust-0.1%0.5%0.4%
06:00United KingdomGDP, y/yAugust8.8%6.7%6.9%
06:00United KingdomTotal Trade BalanceAugust-2.9 -3.7


During today's Asian trading, the US dollar fell against the euro, the pound and the yen, but was almost unchanged against the australian dollar.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), decreased by 0.17%.

However, the index is holding near the highest level in a year, as traders continue to expect that the US Federal Reserve System will announce the beginning of the curtailment of a large-scale program of stimulus measures next month amid the continuing economic recovery.

The focus of the market's attention this week is US inflation data for September, as well as the minutes of the Federal Reserve meeting from September 21-22, which will be published later on Wednesday. Experts expect inflation in the United States to remain at 5.3% in September, and inflation excluding food and energy - at 4%.

The Fed said at the end of the September meeting that "in the near future" it may be necessary to reduce the volume of quantitative easing, and Fed Chairman Jerome Powell made it clear that the central bank could begin to wind down this program in November.

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