| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | Nationwide house price index, y/y | December | 10% | | 10.4% |
| 07:00 | United Kingdom | Nationwide house price index | December | 0.9% | 0.5% | 1% |
| 08:00 | Switzerland | KOF Leading Indicator | December | 107.5 | 106.4 | 107.0 |
During today's Asian trading, the US dollar rose moderately against major currencies, almost offsetting yesterday's drop.
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 0.21%.
Economists expect the strengthening of the U.S. dollar in the first half of 2022, as the Fed is likely to finally wind down its asset buying program in March and will start raising rates in June.
The yen fell to a one-month low against the US dollar amid declining demand for safe haven assets and expectations that monetary policy divergences in the US and Japan will intensify.
The Bank of Japan has made it clear that it is ready to begin normalizing monetary policy later than other central banks against the background of lower inflation than in other countries. This position of the Central Bank is supported by the government of the country, which last week approved a record budget for the next fiscal year in the amount of 107.6 trillion yen ($930 billion).