| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Australia | Retail Sales, M/M | November | 0.5% | 1% | 0.8% |
| 00:30 | Australia | Trade Balance | November | 5.670 | 5.750 | 7.079 |
| 01:30 | China | PPI y/y | December | -2.5% | -2.3% | -2.3% |
| 01:30 | China | CPI y/y | December | 0.2% | 0.1% | 0.1% |
| 07:00 | Germany | Industrial Production s.a. (MoM) | November | -0.4% | 0.5% | 1.5% |
| 07:00 | Germany | Trade Balance (s.a.), bln | November | 13.4 | 14.8 | 19.7 |
During today's Asian trading, the US dollar rose moderately against major currencies, returning to a more than 2-year high reached last week, helped by a recent increase in US Treasury yields.
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 0.17% to 109.19. The index rose by 5% after the US elections in early November as traders braced for Trump's policies and adjusted expectations for the pace of monetary policy easing by the Fed. The media reported yesterday that Donald Trump is considering declaring a national economic emergency to provide a legal justification for a series of universal tariffs on allies and adversaries. The growing threat of tariffs sent 10-year US Treasury yields to their highest since April 25 yesterday. The bond market selloff has left the dollar standing tall and casting a shadow on the currency market. Now investors' attention is shifting to the nonfarm payrolls report, which will be released tomorrow and will help clarify the trajectory of the Fed's monetary policy this year. According to the CME FedWatch Tool, markets see a 4.8% probability of a 0.25% rate cut in January (compared to 11.8% a week ago), while the probability of an additional rate cut in March is 41.0%.
The pound fell by 0.65% against the US dollar, continuing its recent decline and reaching its lowest level since November 13, 2023, despite the fact that British government bond yields reached multi-year highs. Experts said that the pound is under pressure due to continued concerns about the UK's borrowing levels.