Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
00:00 | New Zealand | ANZ Business Confidence | January | -70.2 | | -52 |
00:30 | Australia | Export Price Index, q/q | Quarter IV | -3.6% | | -0.9% |
00:30 | Australia | Import Price Index, q/q | Quarter IV | 3% | | 1.8% |
00:30 | Australia | Producer price index, q / q | Quarter IV | 1.9% | | 0.7% |
00:30 | Australia | Producer price index, y/y | Quarter IV | 6.4% | | 5.8% |
07:45 | France | Consumer confidence | January | 81 | 83 | 80 |
During today's Asian trading, the US dollar rose slightly against most major currencies, continuing yesterday's increase.
The US Dollar Currency Index (DXY), 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% to 101.94.
The data published yesterday showed that the US economy remains stable, despite the significant tightening of monetary policy by the Federal Reserve System (Fed). According to preliminary data from the Ministry of Commerce, GDP in the 4th quarter increased by 2.9% after an increase of 3.2% in the previous quarter. Economists had expected a slowdown in GDP growth to 2.6%.
A smaller-than-expected slowdown in US GDP growth somewhat dampened the optimism of investors who expected that signals of a deterioration in the situation in the US economy would push the Fed to further slow down the pace of interest rate hikes.
The first FOMC meeting of the year will be held next week. In December, the Fed increased the rate by 50 basis points after increasing it by 75 basis points following the results of four previous meetings.
Today, investors will follow the report on the income and expenses of Americans for December, which includes data on the dynamics of consumer prices. According to the consensus forecast, the PCE price index ex food and energy increased by 0.3% in December after an increase of 0.2% a month earlier.