| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:45 | Switzerland | Unemployment Rate (non s.a.) | February | 2.6% | 2.5% | 2.5% |
| 07:00 | United Kingdom | Halifax house price index | February | 0.2% | | 0.5% |
| 07:00 | United Kingdom | Halifax house price index 3m Y/Y | February | 9.7% | | 10.8% |
| 07:00 | Germany | Factory Orders s.a. (MoM) | January | 3% | 1% | 1.8% |
| 07:00 | Germany | Retail sales, real adjusted | January | -4.6% | 1.8% | 2% |
| 07:00 | Germany | Retail sales, real unadjusted, y/y | January | 0.8% | 9.8% | 10.3% |
| 08:00 | Switzerland | Foreign Currency Reserves | February | 947.15 | | 938.349 |
During today's Asian trading, the US dollar rose moderately against major currencies, while investors continue to monitor the situation around Ukraine.
Fighting in Ukraine intensified over the weekend and attempts at a ceasefire to allow civilians to evacuate from the besieged city of Mariupol seem to have so far failed.
Meanwhile, analysts believe that the war and the sanctions imposed on Russia will hit Europe harder than the United States, which in turn puts pressure on the euro. "The weakness of the euro continues to reflect concerns about the development of the Russian-Ukrainian conflict, as well as about the consequences for economic growth and inflation in the eurozone, and in addition, for the strategy of the European Central Bank (ECB)," Unicredit analysts said.
The pound, meanwhile, is showing greater resilience to geopolitical risks. "The market is still waiting for five Bank of England rate hikes by 25 basis points each in 2022, and this prevents the revaluation that is observed in the euro," ING economists said.
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 0.30%.