| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | Germany | Producer Price Index (YoY) | November | 18.4% | 19.9% | 19.2% |
| 07:00 | Germany | Producer Price Index (MoM) | November | 3.8% | 1.4% | 0.8% |
| 07:00 | United Kingdom | Retail Sales (YoY) | November | -1.5% | 4.2% | 4.7% |
| 07:00 | United Kingdom | Retail Sales (MoM) | November | 1.1% | 0.8% | 1.4% |
| 09:00 | Germany | IFO - Expectations | December | 94.2 | 93.5 | 92.6 |
| 09:00 | Germany | IFO - Current Assessment | December | 99 | 97.5 | 96.9 |
| 09:00 | Germany | IFO - Business Climate | December | 96.6 | 95.3 | 94.7 |
| 10:00 | Eurozone | Construction Output, y/y | October | 2% | | 4.4% |
| 10:00 | Eurozone | Harmonized CPI ex EFAT, Y/Y | November | 2% | 2.6% | 2.6% |
| 10:00 | Eurozone | Harmonized CPI | November | 0.8% | 0.5% | 0.4% |
| 10:00 | Eurozone | Harmonized CPI, Y/Y | November | 4.1% | 4.9% | 4.9% |
| 12:00 | United Kingdom | BOE Quarterly Bulletin | | | | |
USD strengthened slightly against most of its major rivals in the European session on Friday, as investors weighed the plans to phase out massive monetary stimulus, laid out by several major central banks.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, went up 0.06% to 96.10.
The Bank of England (BoE) surprisingly raised its bank rate from 0.10% to 0.25%. Norway's central bank hiked its key rate from 0.25% to 0.50% and forecast another increase in March. Meanwhile, the European Central Bank (ECB) kept its rates unchanged, as widely expected, and announced a further tapering of asset purchases. Elsewhere, the Bank of Japan (BoJ) decided not to make changes to its monetary policy stance but cut the amount of emergency purchases.
These announcements came after the U.S. Federal Reserve revealed its plans on a near-term path, announcing more aggressive tapering and signaling three interest rate increases in 2022.