| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | Retail Sales, M/M | April | 1.6% | 0.9% | 0.9% |
During today's Asian trading, the US dollar declined moderately against major currencies, continuing yesterday's decline.
Investors are revising their forecasts regarding the prospects for raising interest rates in the US due to weak data on the American economy.
The minutes of the May meeting of the Federal Reserve System (Fed), published earlier this week, showed that the majority of Fed leaders support raising the base rate by 50 basis points at each of the next two meetings. At the same time, many Fed officials noted that an early rate hike would allow the Fed to pause later this year to assess the consequences of policy tightening for the country's economy.
The US Department of Commerce on Thursday revised its estimate of the decline in the country's GDP in the first quarter. According to the revised data, GDP decreased in January-March by 1.5% in quarterly terms. Previously reported a decline of 1.4%. In the fourth quarter of last year, the US economy grew by 6.9%.
Meanwhile, the number of new applications for unemployment benefits in the US last week decreased by 8 thousand, to 210 thousand people, the US Department of Labor reported. Analysts expected a less significant decrease - to 215 thousand.
The US Dollar Currency Index (DXY), which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, сanadian dollar, pound sterling and swedish krona) fell by 0.18% after declining by 0.32% yesterday.