| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | BOE Financial Stability Report | | | | |
During today's Asian trading, the US dollar rose moderately against major currencies. The focus of the market's attention this week is the meeting of the Federal Reserve System, following which the Central Bank may decide to increase the pace of curtailing the quantitative easing (QE) program.
Fed Chairman Jerome Powell recently said that given high inflationary pressures, it makes sense to accelerate the pace of monthly reduction in asset repurchases. He noted that the Fed may discuss this issue as early as December.
At the meeting held in early November, the Federal Reserve decided to reduce the volume of asset repurchases, which amounted to $ 120 billion per month, by $15 billion this month and continue reducing the program at the same pace in December.
The statistical data published after this meeting showed an acceleration in the growth of consumer prices in the United States in November to 6.8% in annual terms - the highest since June 1982.
The Federal Reserve should quickly take measures to bring inflation under control, said Mohamed el-Erian, chief economic adviser at Allianz. In his opinion, the Fed should not consider the increase in inflation in the United States a temporary phenomenon.
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 0.19%.