| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 01:30 | Australia | Retail Sales, M/M | June | 0.9% | | 0.2% |
| 01:45 | China | Markit/Caixin Services PMI | July | 54.5 | | 55.5 |
| 06:00 | Germany | Trade Balance (non s.a.), bln | June | 2.6 | | 7.7 |
| 06:30 | Switzerland | Consumer Price Index (MoM) | July | 0.5% | -0.1% | 0.0% |
| 06:30 | Switzerland | Consumer Price Index (YoY) | July | 3.4% | 3.5% | 3.4% |
During today's Asian trading, the US dollar rose slightly against the major currencies, while traders monitor the US-China relations and evaluate the statements of the policymakers of the Federal Reserve System (Fed).
Yesterday, the yen rose sharply due to demand for safe haven assets, which jumped due to the escalation of tensions between the United States and China. On Tuesday evening, the Speaker of the House of Representatives of the US Congress Nancy Pelosi arrived in Taiwan, despite warnings from the Chinese side about the undesirability of such a visit.
Pelosi's visit to Taiwan was a serious violation of the principles of "one China" and the establishment of diplomatic relations between China and the United States, seriously affected the political basis of Sino-American relations, in this regard, China strongly protests, the Chinese Foreign Ministry said in a statement.
Meanwhile, several members of the Fed's leadership expressed their willingness to continue tightening monetary policy despite the downturn in the US economy. In particular, the heads of the Federal Reserve Banks of San Francisco, Chicago and St. Louis spoke about the need for further rate increases.
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 0.05%. On Tuesday, the index rose by 1.03%.