| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | Germany | GDP (QoQ) | Quarter I | -0.5% | 0% | -0.3% |
| 06:00 | Germany | GDP (YoY) | Quarter I | 0.8% | -0.1% | -0.5% |
| 06:00 | Germany | Gfk Consumer Confidence Survey | June | -25.8 | -24 | -24.2 |
| 10:00 | United Kingdom | CBI retail sales volume balance | May | 5 | | -10 |
USD firmed against other major currencies in the European session on Thursday, supported by strong demand for safe-haven amid rising concerns about U.S. default.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.20% to 104.09.
Only one week left for a solution to the impasse in the U.S. debt-ceiling negotiations before the June 1 "X-date," when the Treasury sees the U.S. can default on its obligations if the debt limit is not raised. But reports still indicate that the sides are still far apart on a number of issues.
Fitch Ratings warned that it might downgrade the U.S.’s AAA rating if lawmakers fail to agree to increase the debt limit.