Ekonomické zprávy
10.11.2021

Asian session review: the dollar rose against most major currencies

TimeCountryEventPeriodPrevious valueForecastActual
01:30ChinaPPI y/yOctober10.7%12.4%13.5%
01:30ChinaCPI y/yOctober0.7%1.4%1.5%
06:00JapanPrelim Machine Tool Orders, y/y October71.9% 81.5%
07:00GermanyCPI, m/mOctober0%0.5%0.5%
07:00GermanyCPI, y/y October4.1%4.5%4.5%


During today's Asian trading, the US dollar rose against the euro and the yen, but did not change against the pound.

Traders are waiting for the publication of official data on consumer prices in the United States, which the Ministry of Labor of the country will publish at 13:30 GMT.

The data may allow analysts to update forecasts regarding the timing of rate hikes by the US Federal Reserve. Fed officials consider easing inflation and achieving the employment target as preconditions for raising rates.

Economists predict that the October data will show that the consumer price index (CPI) rose by 5.8% YoY last month after rising by 5.4% YoY in September, while the core CPI increased by 4.3% YoY compared to 4.0% YoY in September. Stronger-than-expected US inflation data is expected to spice up talk of an earlier Fed rate hike. At their last meeting, Fed policymakers acknowledged that current inflation is elevated, but reiterated their view that this is a temporary phenomenon.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and Swedish krona), rose by 0.19%.

Podívejte se také