| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:00 | Switzerland | KOF Leading Indicator | January | 91.5 | 93.3 | 97.2 |
| 09:00 | Germany | GDP (QoQ) | Quarter IV | 0.5% | 0% | -0.2% |
| 09:00 | Germany | GDP (YoY) | Quarter IV | 1.4% | 1.3% | 1.1% |
| 10:00 | Eurozone | Industrial confidence | January | -0.6 | -0.6 | 1.3 |
| 10:00 | Eurozone | Economic sentiment index | January | 97.1 | 97 | 99.9 |
| 10:00 | Eurozone | Consumer Confidence | January | -22.1 | -20.9 | -20.9 |
USD traded mixed and little changed against other major currencies in the European session on Monday as markets braced for decisions on interest rates from the world’s major central banks later this week.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged down 0.07% to 101.86.
A slew of central banks is scheduled to hold their policy meetings this week, including the U.S. Federal Reserve, European Central Bank, and Bank of England.
With data showing inflation continuing to cool in the U.S., markets expect the Fed will announce a 25 basis-point interest rate hike when it discloses the outcomes of a two-day meeting on Wednesday. That would mark a downshift from a 50 basis-point rate increase in December and the smallest rate rise since March 2022. Meanwhile, the ECB and the BoE are seen both to deliver a 50 basis-point rate hike on Thursday.