Ekonomické zprávy
09.12.2021

Asian session review: the dollar rose against most major currencies

TimeCountryEventPeriodPrevious valueForecastActual
00:30AustraliaRBA Bulletin    
01:30ChinaPPI y/yNovember13.5%12.4%12.9%
01:30ChinaCPI y/yNovember1.5%2.5%2.3%
06:00JapanPrelim Machine Tool Orders, y/y November81.5% 64.0%
07:00GermanyCurrent Account October20 15.4
07:00GermanyTrade Balance (non s.a.), blnOctober16 12.8
08:00SwitzerlandSECO Economic Forecasts     


During today's Asian trading, the US dollar rose against the euro and the pound, but declined against the yen and the New Zealand dollar.

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 0.18%.

The focus on Thursday is weekly data on the US labor market. Experts predict a decrease in the number of new applications for unemployment benefits in the United States last week to 215 thousand from 222 thousand a week earlier.

In addition, the market is waiting for November data on US consumer prices, which will be released on Friday. Analysts predict an acceleration in inflation to 6.8% from October's 6.2%, which is already the highest in 30 years.

Data on a significant increase in inflation will raise expectations of a faster curtailment of the asset purchase program by the Federal Reserve System, despite the risks associated with the new COVID-19 strain "omicron".

The pound declined slightly against the US dollar after falling 0.3% on Wednesday following the announcement by the country's authorities of new restrictive measures to curb the spread of "omicron".

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