| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | Private Capital Expenditure | Quarter I | 2.3% | 1.5% | -0.3% |
During today's Asian trading, the US dollar rose slightly against major currencies, continuing yesterday's increase, as market participants continue to analyze the minutes of the last Fed meeting.
Meanwhile, analysts note that in the minutes of the Fed meeting from May 3-4, traders did not see new "hawkish" signals.
"The participants of the May meeting agreed on the need to change monetary policy towards neutral as soon as possible, both by raising the rate and reducing the size of the Fed's balance sheet," the minutes showed. "Most participants felt that a 50 basis point rate increase would probably be appropriate at the next few meetings."
Following the results of the May meeting, the Fed raised the rate by 50 basis points, to 0.75-1% per annum. The rate was raised immediately by 50 bps for the first time since 2000. At a press conference following the meeting, Fed Chairman Jerome Powell said that the Central Bank will consider raising the rate by 50 bps at the next few meetings, but rate increase by 75 bps at once is not actively discussed.
After the expected series of rate hikes aimed at combating high inflation, the Fed will conduct a new assessment of the situation in the economy to understand the consequences of its actions, the minutes of the May meeting showed.
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) increased by 0.10% after rising by 0.20% yesterday.