| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | Trade Balance | February | 11.266 | 11.1 | 13.87 |
| 01:30 | Australia | RBA Financial Stability Review | | | | |
| 01:45 | China | Markit/Caixin Services PMI | March | 55.0 | | 57.8 |
| 05:45 | Switzerland | Unemployment Rate (non s.a.) | March | 2.1% | 2% | 2% |
| 06:00 | United Kingdom | Halifax house price index | March | 1.2% | -0.3% | 0.8% |
| 06:00 | United Kingdom | Halifax house price index 3m Y/Y | March | 2.1% | | 1.6% |
| 06:00 | Germany | Industrial Production s.a. (MoM) | February | 3.7% | 0.1% | 2% |
| 07:00 | Switzerland | Foreign Currency Reserves | March | 770.597 | | |
During today's Asian trading, the US dollar rose slightly against major currencies, continuing yesterday's increase, and retreating from a 2-month low. Demand for the dollar, seen as a safe haven asset, has intensified amid recent negative economic data that signaled an impending recession
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 0.12% to 101.98.
Meanwhile, fresh signs of a slowdown in the US economy have reinforced expectations that the Federal Reserve may suspend interest rate hikes due to a worsening economic outlook. According to the CME FedWatch Tool, markets see a 54.5% chance that the Fed will keep rates unchanged at its next meeting in early May, up from 55.2% the day before. Now investors are waiting for Friday's publication of the key report on the US labor market for March, hoping to get additional clues about the prospects for interest rates in the US.
The yuan consolidated against the US dollar, despite favorable data on China. According to the Caixin report, growth in activity across China's services sector hit a 28-month high in March, with supply, demand and employment all improving further. The services PMI soared to 57.8 in March - a high not seen since November 2020 - from 55 the previous month. A number above 50 indicates an expansion in activity, while a figure below signals a contraction.