| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | Germany | Producer Price Index (MoM) | December | 0.5% | 0.3% | -0.1% |
| 07:00 | Germany | Producer Price Index (YoY) | December | 0.1% | 1.1% | 0.8% |
| 07:30 | Switzerland | Producer & Import Prices, m/m | December | -0.6% | 0.2% | 0.0% |
| 07:30 | Switzerland | Producer & Import Prices, y/y | December | -1.5% | -0.7% | -0.9% |
During today's Asian trading, the US dollar declined moderately against major currencies as investors adjusted their positions ahead of the expected flurry of political statements from Donald Trump. Experts said that since today is a public holiday in the US, the first reactions to its inauguration (to be held at 17:00 GMT) in traditional financial markets could be felt in the foreign exchange market and then in Asian trading on Tuesday.
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 0.29% to 109.03. Last week, the index fell by 0.28%, snapping a six-week rally and retreating from a more than two-year high (110.18). Overall, investors are being cautious, as uncertainty remains about the actions of Trump, who has promised that he will issue many executive orders in the near future. Trump previously threatened to impose tariffs of up to 10% on global imports and 60% on Chinese goods, as well as a 25% import surcharge on Canadian and Mexican goods. Experts warned that these tariffs would disrupt trade flows, increase costs and trigger retaliatory measures.
The Chinese yuan rose 0.15% against the US dollar, helped by recent favorable Chinese economic data and a Friday phone call between Trump and Chinese President Xi Jinping that left both upbeat.
The Japanese yen rose 0.25% against the US dollar, as recent statements by Bank of Japan policymakers increased expectations of a tightening of monetary policy at the next meeting, which will be held on January 24. Consensus estimates suggest that the interest rate will be increased by 0.25% to 0.5%.