Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
07:00 | Switzerland | Trade Balance | October | 4.3 | | 4.4 |
07:30 | Switzerland | Industrial Production (YoY) | Quarter III | 16.1% | | 8.3% |
12:30 | U.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.