| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | Business Investment, q/q | Quarter IV | 2.2% | -3.2% | -1.9% |
| 07:00 | United Kingdom | GDP, q/q | Quarter IV | 0% | 0.1% | 0.1% |
| 07:00 | United Kingdom | Business Investment, y/y | Quarter IV | 5.6% | -0.7% | 1.8% |
| 07:00 | United Kingdom | GDP, y/y | Quarter IV | 1% | 1.4% | 1.5% |
| 07:00 | Germany | Gfk Consumer Confidence Survey | April | -24.7 | -23 | -24.5 |
| 07:00 | United Kingdom | Retail Sales (MoM) | February | 1.4% | -0.3% | 1% |
| 07:00 | United Kingdom | Retail Sales (YoY) | February | 0.6% | 0.5% | 2.2% |
| 07:45 | France | CPI, y/y | March | 0.8% | 1.0% | 0.8% |
| 07:45 | France | CPI, m/m | March | 0% | 0.4% | 0.2% |
During today's Asian trading, the US dollar consolidated against major currencies, while market participants took a wait-and-see attitude ahead of the publication of US inflation data, which may provide clues about the trajectory of the Fed's monetary policy.
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) rose by 0.04% to 104.31. Since the beginning of the week, the index has added 0.2%, but in March fell by 3% against the background of concerns that Donald Trump's tariff policy will slow down US economic growth. Today, investors will focus on the publication of the Personal Consumption Expenditures (PCE) index, the Fed's preferred measure of inflation. According to forecasts, core PCE rose 0.3% m/m in February after a similar increase in January, but year-on-year growth accelerated to 2.7% from 2.6%. Anything softer than the 0.3% month-on-month rise could keep downward pressure on the dollar and U.S. interest rates.
The yen rose 0.45% against the US dollar, helped by Japanese inflation data, which increased the likelihood of another tightening of monetary policy by the Bank of Japan. The Ministry of Internal Affairs stated that excluding fresh food, Tokyo consumer prices moved up 2.4% per annum, faster than the 2.2% rise in February. Economists had expected an increase of 2.2% per annum. Overall inflation logged 2.9% annual growth, following February's 2.8% rise. The Tokyo CPI, excluding fresh food and energy, showed an increase of 2.2% after rising 1.9% each in January and February. The continued acceleration in consumer prices will heighten concerns among Bank of Japan's board members about inflation overshooting its 2% target and may force them to raise the rate by 0.25% at the May meeting.