| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Australia | Retail Sales, M/M | January | -4.4% | | 1.8% |
| 07:00 | Germany | Trade Balance (non s.a.), bln | January | 7 | | 3.5 |
| 07:45 | France | Industrial Production, m/m | January | -0.1% | 0.5% | 1.6% |
During today's Asian trading, the US dollar rose against major currencies, continuing yesterday's increase.
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 0.29% after rising 0.41% yesterday.
The situation in Ukraine and its possible impact on global inflation remain in the focus of the markets.
So, on the eve of the head of the Federal Reserve System (Fed) Jerome Powell noted that the conflict between Russia and Ukraine is likely to lead to an acceleration of inflation in the short term due to a jump in prices for raw materials and especially for energy.
During his speech to the banking committee, he reiterated that he would support the decision to raise the interest rate by 25 basis points at the March 15-16 meeting.
For Europe, Russia's war in Ukraine carries greater risks than for the United States. In particular, rising gas and electricity prices may slow down the recovery of industrial production and consumer spending, and this, in turn, will slow down the process of normalizing the monetary policy of the European Central Bank (ECB), ING analysts believe.