| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Australia | Gross Domestic Product (QoQ) | Quarter IV | -1.9% | 3% | 3.4% |
| 00:30 | Australia | Gross Domestic Product (YoY) | Quarter IV | 3.9% | 3.7% | 4.2% |
| 07:00 | United Kingdom | Nationwide house price index | February | 0.8% | 0.6% | 1.7% |
| 07:00 | United Kingdom | Nationwide house price index, y/y | February | 11.2% | 10.7% | 12.6% |
During today's Asian trading, the US dollar rose moderately against major currencies, continuing yesterday's rally.
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 0.25% after rising by 0.73% yesterday.
The US dollar index is trading near its highest level since the end of July 2020. Investors have switched to safe-haven assets amid worries that the conflict between Russia and Ukraine could escalate further. Investors also fear that inflationary risks and supply chain disruptions related to the conflict could hit global economic growth.
Markets are waiting for today's speech by the head of the US Federal Reserve System Jerome Powell in the US Congress.
In addition, the market is waiting for data on the US labor market for February, the publication of which is scheduled for Friday. According to the consensus forecast of experts, the number of jobs in the US economy increased by 400 thousand in February, unemployment fell to 3.9% from 4%.
The Australian dollar rose 0.1% against the US dollar after the publication of data on the Australian economy. The Australian economy in the 4th quarter of 2021 grew by 3.4% compared to the previous three months, according to data from the Australian Bureau of Statistics. The increase was the highest since the 3rd quarter of 2020. Analysts on average expected less significant growth - by 3%.