Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
01:00 | China | Non-Manufacturing PMI | December | 52.3 | | 52.7 |
01:00 | China | Manufacturing PMI | December | 50.1 | 50 | 50.3 |
During today's Asian trading, the US dollar rose slightly against major currencies in thin holiday trading.
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 0.10%.
Overall, 2021 was the best year for the US currency since 2014. The dollar index has gained 6.8% over the year. The biggest losses were suffered by the Japanese yen (-10.3%) and the euro (-7.4%). Only the Canadian dollar could show a slight increase (+0.15%) against the background of an increase in oil prices by more than 50% over the year.
The futures market for the Fed's rate lays its first increase in March with a probability of 54%, and by June — already at 90%. At the end of 2022, the probability of two rate increases is 90%, three rate increases - 66%.
Experts note that the tightening of monetary policy in the United States will certainly lead to an increase in the dollar, and the currencies of emerging markets are the most vulnerable. But given that investors have already put two or three rate hikes in the value of USD, its growth may be moderate, and in the second half of the year the US currency may even decline.