Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
07:00 | United Kingdom | Nationwide house price index, y/y | October | 10% | 9.3% | 9.9% |
07:00 | United Kingdom | Nationwide house price index | October | 0.1% | 0.4% | 0.7% |
09:15 | Eurozone | ECB President Lagarde Speaks | | | | |
09:30 | United Kingdom | Purchasing Manager Index Services | October | 55.4 | 58 | 59.1 |
10:00 | Eurozone | Unemployment Rate | September | 7.5% | 7.4% | 7.4% |
USD depreciated slightly against most other major currencies in the European session on Wednesday, as investors awaited the release of the outcomes of the Federal Reserve’s policy meeting later today.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged down 0.1% to 93.99.
The U.S. central bank’s policymakers will unveil the results of their two-day policy meeting today at 18:00 GMT. Economists widely expect an announcement of the Fed's tapering timeline. The Fed is likely to begin reducing its monthly asset purchases by $15 billion each month until ending them by mid-2022.
Investors will also look for clues on the future path of interest rates in the U.S. Markets have begun pricing in the rate hikes next year amid growing inflation pressures.