Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
00:01 | United Kingdom | Gfk Consumer Confidence | November | -17 | -18 | -14 |
07:00 | Germany | Producer Price Index (YoY) | October | 14.2% | 16.2% | 18.4% |
07:00 | Germany | Producer Price Index (MoM) | October | 2.3% | 1.9% | 3.8% |
07:00 | United Kingdom | Retail Sales (YoY) | October | -0.6% | -2% | -1.3% |
07:00 | United Kingdom | Retail Sales (MoM) | October | 0% | 0.5% | 0.8% |
07:00 | United Kingdom | PSNB, bln | October | -20.7 | -13.8 | -18.8 |
08:30 | Eurozone | ECB President Lagarde Speaks | | | | |
During today's Asian trading, the US dollar rose against the euro and the Japanese yen.
Data released on Friday showed a weakening of inflation in Japan. Consumer prices in October increased by 0.1% compared to the same month a year earlier, according to data from the Ministry of Internal Affairs and Communications. In September, inflation was 0.2%.
The US dollar index may show growth for the fourth week in a row amid expectations that the US Federal Reserve System will raise rates earlier than planned, amid continuing inflationary pressure and positive data.
Experts differ in their forecasts regarding the dollar, some consider its recent decline to be an opportunity to buy, while others believe that expectations of a tightening of the Fed's monetary policy are already fully embedded in prices.
The president of the Federal Reserve Bank of Chicago, Charles Evans, said this week that inflation in the US turned out to be more stable than could be expected. "Now I have to admit that this has been going on longer than I expected," Evans said.
Meanwhile, the president of the Federal Reserve Bank of New York, John Williams, yesterday spoke out in defense of the Fed's new strategy on inflation, which, according to its critics, prevents the Fed from taking obvious measures to curb inflation in the United States.
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 0.20%.