| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Japan | Manufacturing PMI | September | 51.5 | | 51 |
| 00:30 | Japan | Nikkei Services PMI | September | 49.5 | | 51.9 |
During today's Asian trading, the US dollar continued to rise against the major currencies, and reached its highest level since mid-May 2002.
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 0.49% to 113.74.
The dollar is supported by the demand for safe-haven assets due to fears of a global recession. In addition, currency traders point out that the Fed is tightening monetary policy at a faster pace than the rest of the world's leading central banks.
Meanwhile, the pound reached a historic low against the US dollar on signals from the Ministry of Finance about the likelihood of new tax breaks in addition to those announced last week. Earlier today, GBP/USD fell to $1.0327, which is the lowest level since 1971, when the UK switched to the decimal monetary system.
Last week, British Finance Minister Kwasi Kwarteng announced a large-scale tax cut that will affect individuals and legal entities and increase the budget deficit in the current fiscal year by more than 70 billion pounds.