| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | Business Investment, q/q | Quarter III | 4.5% | 0.4% | -2.5% |
| 07:00 | United Kingdom | Business Investment, y/y | Quarter III | 12.9% | 0.8% | 2.6% |
| 07:00 | United Kingdom | Current account, bln | Quarter III | -13.462 | -15.6 | -24.444 |
| 07:00 | United Kingdom | GDP, y/y | Quarter III | 24.2% | 6.6% | 6.8% |
| 07:00 | United Kingdom | GDP, q/q | Quarter III | 5.4% | 1.3% | 1.1% |
During today's Asian trading, the US dollar rose against the euro, the yen, as well as the Australian and New Zealand dollars, but declined against the pound.
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 0.08%.
"This year, the US dollar was mostly in the lead. But in the last few weeks, the rally has weakened due to a number of factors, including the more hawkish position of central banks in other countries. Nevertheless, the role of the dollar as a "safe haven" remains the main one," Silicon Valley Bank experts said.
"The market is still betting on the growth of the US currency, and the dollar index may grow by 1%. In the future, in the second and third quarters of next year, we hope to see a global economic recovery, and the dollar may go down," the experts added.
The market's focus on Wednesday is the final data on US GDP for the 3rd quarter, which will be published at 13:30 GMT. Experts expect that GDP growth amounted to 2.1% per annum. The Federal Reserve System last week lowered its forecast for US GDP growth for 2021 to 5.5% from 5.9%.