| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:30 | Switzerland | Retail Sales (MoM) | October | 0.1% | | 0.7% |
| 07:30 | Switzerland | Retail Sales Y/Y | October | 2.6% | | 1.2% |
| 10:00 | Eurozone | Producer Price Index, MoM | October | 2.8% | 3.5% | 5.4% |
| 10:00 | Eurozone | Producer Price Index (YoY) | October | 16.1% | 19% | 21.9% |
| 10:00 | Eurozone | Unemployment Rate | October | 7.4% | 7.3% | 7.3% |
USD fell against most of its major rivals in the European session on Thursday, as yesterday’s reports about the first confirmed case of the new coronavirus variant Omicron in the U.S. continued to weigh on investors’ sentiment.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, dropped 0.13% to 95.91.
Meanwhile, the drop was limited by expectations that the Federal Reserve could pursue a more aggressive policy approach to rein in surging inflation in the U.S. The Fed Chairman acknowledged the increased risk of persistent inflation earlier this week and said the policymakers would discuss speeding up tapering at their December gathering, adding that, in his view, it’s appropriate to consider wrapping up taper a few months sooner.