| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:00 | Switzerland | KOF Leading Indicator | January | 91.5 | 93.3 | 97.2 |
During today's Asian trading, the US dollar consolidated against major currencies, as investors are cautious ahead of meetings of the Federal Reserve System, the European Central Bank and the Bank of England.
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) fell by 0.05% to 101.87.
The Fed will announce the results of the meeting on Wednesday, at 19:00 GMT. Analysts expect the Fed to raise the interest rate by 25 basis points after increasing by 0.5% at the December meeting.
Market participants will also closely follow the speech of Fed Chairman Jerome Powell, hoping to receive new signals regarding the further trajectory of monetary policy.
Last week, data showed that core PCE growth, which is closely monitored by the Federal Reserve when assessing inflation risks, slowed in December to 4.4% compared with 4.7% in November. This was the weakest growth since October 2021.
Meanwhile, the results of the meetings of the ECB and the Bank of England will be announced on Thursday. Experts expect both Central Banks to raise interest rates by 50 bps.