| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:00 | Australia | Consumer Inflation Expectation | January | 4.8% | | 4.4% |
| 00:30 | Australia | Unemployment rate | December | 4.6% | 4.5% | 4.2% |
| 00:30 | Australia | Changing the number of employed | December | 366.2 | 43.3 | 64.8 |
| 07:00 | Germany | Producer Price Index (YoY) | December | 19.2% | 19.4% | 24.2% |
| 07:00 | Germany | Producer Price Index (MoM) | December | 0.8% | 0.8% | 5% |
During today's Asian trading, the US dollar declined slightly against major currencies, following a moderate drop yesterday.
Maintaining high yields of US Treasuries supports the dollar: the higher the rates, the more attractive the US currency is for buyers. On Wednesday, the yield of ten-year US bonds rose to 1.9% per annum, but by the close of the market it had fallen to 1.869%. Now it is 1.85%. Despite a slight decline, bond yields are at their highest level since February 2020, due to growing expectations of a faster than previously expected tightening of policy by the Federal Reserve (Fed).
The Fed is expected to raise the base interest rate in March and raise it at least three times in 2022. Some experts believe that the rate hike in March may amount to more than 25 basis points. The next meeting of the Fed will be held on January 25-26, and the market is waiting for "hawkish" comments from the heads of the Fed.
The yuan traded steadily against the US dollar after the People's Bank of China cut key interest rates. The base rate on the one-year loan was reduced to 3.7% from 3.8%, while the base rate on the five-year loan was reduced to 4.6% from 4.65%.
The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona) fell by 0.06%.