| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | RBA Meeting's Minutes | | | | |
| 02:00 | China | Retail Sales y/y | April | 10.6% | 21% | 18.4% |
| 02:00 | China | Fixed Asset Investment | April | 5.1% | 5.5% | 4.7% |
| 02:00 | China | Industrial Production y/y | April | 3.9% | 10.9% | 5.6% |
| 06:00 | United Kingdom | Average earnings ex bonuses, 3 m/y | March | 6.6% | 6.8% | 6.7% |
| 06:00 | United Kingdom | Average Earnings, 3m/y | March | 5.8% | 5.8% | 5.8% |
| 06:00 | United Kingdom | ILO Unemployment Rate | March | 3.8% | 3.8% | 3.9% |
| 06:00 | United Kingdom | Claimant count | April | 26.5 | | 46.7 |
During today's Asian trading, the US dollar rose slightly against major currencies after a moderate decline yesterday, while investors continue to watch with caution the confrontation between Democrats and Republicans over raising the debt ceiling. President Joe Biden expressed confidence that a deal could be struck on time ahead of an expected meeting with congressional leaders later on Tuesday. However, Republican House Speaker Kevin McCarthy said the two sides were still far apart.
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 0.07% to 102.51.
The Chinese yuan fell 0.2% against the US dollar, hitting a 2-month low on the back of weaker Chinese data, which is adding to evidence of a sputtering COVID recovery. The National Bureau of Statistics (ONS) said that in April, industrial production growth accelerated to 5.6% per annum from 3.9% per annum in March, but was weaker than economists' forecasts (+10.9% per annum). Meanwhile, retail sales jumped by 18.4% per annum, also falling short of forecasts (+21%), but accelerating compared to March (+10.6%). Investments in fixed assets increased by 4.7% per annum after a rise by 5.1% per annum in March. Consensus estimates suggested an increase by 5.5%. The unemployment rate came in at 5.2%, beneath forecasts for 5.3%, which would have been unchanged from the March reading.
The yen, which had been hit by a wider spread between U.S. and Japanese long-term yields, rose 0.2% against the U.S. dollar, retreating from an almost two-week low.