| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Australia | RBA Monetary Policy Statement | | | | |
| 01:30 | China | PPI y/y | January | -0.7% | -0.5% | -0.8% |
| 01:30 | China | CPI y/y | January | 1.8% | 2.2% | 2.1% |
| 07:00 | United Kingdom | Manufacturing Production (YoY) | December | -5.6% | -6.1% | -5.7% |
| 07:00 | United Kingdom | Industrial Production (MoM) | December | 0.1% | -0.2% | 0.3% |
| 07:00 | United Kingdom | Manufacturing Production (MoM) | December | -0.6% | -0.2% | 0% |
| 07:00 | United Kingdom | Industrial Production (YoY) | December | -4.3% | -5.3% | -4% |
| 07:00 | United Kingdom | GDP, y/y | December | 0.6% | -0.2% | -0.1% |
| 07:00 | United Kingdom | GDP m/m | December | 0.1% | -0.3% | -0.5% |
| 07:00 | United Kingdom | Total Trade Balance | December | -2.306 | | -7.150 |
| 07:00 | United Kingdom | GDP, q/q | Quarter IV | -0.2% | 0% | 0% |
| 07:00 | United Kingdom | GDP, y/y | Quarter IV | 1.9% | 0.4% | 0.4% |
During today's Asian trading, the US dollar declined slightly against major currencies after a moderate decline yesterday, while investors continue to analyze the statements of Fed policymakers.
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 0.10%, to 103.12.
Richmond Fed President Thomas Barkin said yesterday that tight monetary policy is "unequivocally" slowing the US economy, allowing the Central Bank to act "more deliberately" with any further interest rate hikes. Barkin said that while inflation has "probably passed its peak," he believes that the "main question" for this year is whether it is now in a steady decline.
The January US CPI data will be released next week, while consensus estimates suggest a 0.5% increase compared to December, when prices fell by 0.1%.
The Australian dollar rose slightly against the US dollar. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) revised up its forecasts for core inflation and wages growth and warned further increases in interest rates would be needed to head off a damaging wage-price spiral.
The yen rose 0.7% against the US dollar amid reports that the Japanese government is looking for an alternative to current deputy governor Masayoshi Amamiya for Bank of Japan governor post.