| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | Germany | Factory Orders s.a. (MoM) | September | -5.4% | 1.5% | 4.2% |
| 08:55 | Germany | Services PMI | October | 50.6 | 51.4 | 51.6 |
| 09:00 | Eurozone | Services PMI | October | 51.4 | 51.2 | 51.6 |
| 09:30 | United Kingdom | PMI Construction | October | 57.2 | 55.5 | 54.3 |
USD appreciated solidly against other major currencies in the European session on Wednesday as investors responded to the results of the U.S. elections.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, surged 1.75% from the previous close to 105.24.
Former U.S. President Donald Trump scored a decisive victory in the U.S. presidential election, as he secured more than the 270 Electoral College votes necessary to win the presidency.
In addition, Republicans took control of the U.S. Senate and were likely to hold a narrow majority in the House of Representatives.
Markets also prepared for the beginning of the Federal Reserve’s two-day policy meeting later in the day. Despite Trump’s victory, markets still expect the Fed to deliver a 25-basis-point interest rate reduction when it announces the meeting outcomes tomorrow.