| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 05:00 | Japan | Eco Watchers Survey: Current | January | 48.7 | | 48.5 |
| 05:00 | Japan | Eco Watchers Survey: Outlook | January | 46.8 | | 49.3 |
| 07:45 | France | Non-Farm Payrolls | Quarter IV | 0.4% | | 0% |
During today's Asian trading, the US dollar declined against major currencies, while investors continue to evaluate the comments of the head of the Federal Reserve System (Fed) Jerome Powell on the latest labor market data.
Yesterday, during a speech at the Economic Club in Washington, Powell again said that the disinflationary process in the economy has begun. He also noted the unexpected stability of the US labor market, which may serve as a basis for further Fed rate hikes. "We believe that we will need new rate hikes," Powell said. "We also believe that we will need to keep monetary policy at a restrictive level for some time."
Overall, Powell's words echoed his speech following last week's Fed meeting. Experts note that the January labor market data did not change Powell's opinion, and the important point was that Powell had a chance to signal the transition to a more aggressive course, but he did not take advantage of it.
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) fell by 0.27%, to 103.15.