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- Asian session review: the dollar consolidated against most currencies
Asian session review: the dollar consolidated against most currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Westpac Consumer Confidence | September | 104.1 | 106.2 | |
| 02:00 | China | Retail Sales y/y | August | 8.5% | 7% | 2.5% |
| 02:00 | China | Industrial Production y/y | August | 6.4% | 5.8% | 5.3% |
| 02:00 | China | Fixed Asset Investment | August | 10.3% | 9% | 8.9% |
| 04:30 | Japan | Tertiary Industry Index | July | 2.2% | -0.6% | |
| 06:00 | United Kingdom | Retail Price Index, m/m | August | 0.5% | 0.5% | 0.6% |
| 06:00 | United Kingdom | Producer Price Index - Input (YoY) | August | 10.4% | 10.3% | 11% |
| 06:00 | United Kingdom | Producer Price Index - Input (MoM) | August | 1.3% | 0.2% | 0.4% |
| 06:00 | United Kingdom | Producer Price Index - Output (YoY) | August | 5.1% | 5.4% | 5.9% |
| 06:00 | United Kingdom | Producer Price Index - Output (MoM) | August | 0.8% | 0.4% | 0.7% |
| 06:00 | United Kingdom | Retail prices, Y/Y | August | 3.8% | 4.7% | 4.8% |
| 06:00 | United Kingdom | HICP ex EFAT, Y/Y | August | 1.8% | 3.1% | |
| 06:00 | United Kingdom | HICP, m/m | August | 0% | 0.5% | 0.7% |
| 06:00 | United Kingdom | HICP, Y/Y | August | 2% | 2.9% | 3.2% |
| 06:45 | France | CPI, y/y | August | 1.2% | 1.9% | 1.9% |
| 06:45 | France | CPI, m/m | August | 0.1% | 0.6% | 0.6% |
During today's Asian trading, the US dollar was trading steadily against the euro and the australian dollar, but declined slightly against the pound and the yen.
Data released on Tuesday showed a slight slowdown in US inflation in August compared to the July level, which was the highest in 13 years. Consumer prices rose by 5.3% per annum, the Ministry of Labor reported. A month earlier, the increase was 5.4%. The increase in consumer prices compared to July was 0.3% and was the weakest in the last seven months.
The slowdown in inflation may weaken investors ' expectations regarding the pace of the Fed's base interest rate hike, the expert says.
Inflation in the United States, however, still remains high, which is supported both by consumer demand, stimulated by payments to citizens during the pandemic, and by continuing problems in supply chains.
The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.03%.
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