| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:45 | China | Markit/Caixin Services PMI | November | 53.8 | | 52.1 |
| 07:45 | France | Industrial Production, m/m | October | -1.5% | 0.5% | 0.9% |
During today's Asian trading, the US dollar rose against major currencies as investors prepare for the publication of key data on the US labor market.
Experts expect that in November the nonfarm payrolls increased by 550 thousand, and the unemployment rate dropped to 4.5% from 4.6% in October.
Traders are closely monitoring the situation on the labor market, as it is an important guideline for the Federal Reserve System when making monetary policy decisions. Strong data will be another argument for a faster than previously planned curtailment of the Fed's asset purchase program, experts say.
Fed Chairman Jerome Powell said on Wednesday that the Fed should consider the possibility of curtailing the asset repurchase program faster than previously planned, already at the December meeting.
The head of the Federal Reserve Bank of Atlanta, Rafael Bostic, said on Thursday that he believes it is necessary to accelerate the pace of reducing asset repurchases in order to be able to raise the interest rate next year if inflationary pressures do not ease.
Meanwhile, experts note that the policy of the European Central Bank (ECB) is quite soft compared to other major central banks, and this will continue to put pressure on the euro. However, next year, the ECB's policy may become more "hawkish" if inflation turns out to be more stable than expected, and this will contribute to the strengthening of the euro in 2022, experts say.
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 0.10%.