| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Japan | Manufacturing PMI | December | 54.5 | | 54.3 |
| 01:45 | China | Markit/Caixin Manufacturing PMI | December | 49.9 | 50 | 50.9 |
| 07:00 | Germany | Retail sales, real adjusted | November | 0.5% | -0.5% | 0.6% |
| 07:00 | Germany | Retail sales, real unadjusted, y/y | November | -3.3% | -4.9% | -0.2% |
| 07:30 | Switzerland | Consumer Price Index (MoM) | December | 0% | -0.1% | -0.1% |
| 07:30 | Switzerland | Consumer Price Index (YoY) | December | 1.5% | 1.6% | 1.5% |
| 07:45 | France | CPI, m/m | December | 0.4% | 0.3% | 0.2% |
| 07:45 | France | CPI, y/y | December | 2.8% | 2.9% | 2.8% |
During today's Asian trading, the US dollar rose against the euro and the yen, and stabilized against the pound.
The topics that worried currency traders at the end of last year, the situation with the coronavirus and the prospects for inflation, remain at the beginning of 2022.
The dollar was supported by expectations that the Federal Reserve System will soon start raising interest rates against the background of a steady economic recovery in the United States and high inflation. The PCE price index ex food, energy rose by 4.7% in November, the fastest pace since 1982.
The Fed plans to completely curtail the asset repurchase program by March 2022, and most of its leaders expect three base rate increases in the beginning of the year. Since neither the European Central Bank (ECB) nor the Bank of Japan are planning to tighten policy yet, the dollar is likely to continue to strengthen against the euro and the yen, experts say.
On Wednesday, the Fed will release the minutes of the meeting of the Federal Open Market Operations Committee (FOMC) from December 14-15, which may help market participants better understand the mood of Fed’s policymakers.
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%.