Ekonomické zprávy
18.11.2021

European session review: USD steps back from 16-month peak

TimeCountryEventPeriodPrevious valueForecastActual
07:00SwitzerlandTrade BalanceOctober4.3 4.4
07:30SwitzerlandIndustrial Production (YoY)Quarter III16.1% 8.3%
12:30U.S.FOMC Member Bostic Speaks    


USD weakened against most of its major rivals in the European session on Thursday, as its recent rally, which was bolstered by heightened Fed rate hike bets, paused.

The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, decreased 0.16% to 95.68, stepping back from a 16-month high of 96.23 it reached the day before.

The U.S. currency has appreciated solidly in recent weeks amid increased hopes that the U.S. central bank could accelerate its plans to hike interest rates. Hotter-than-anticipated U.S. October inflation data compounded with stronger-than-expected retail sales figures have fanned these expectations.

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