| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | GDP, q/q | Quarter III | 0.4% | 0.1% | 0.0% |
| 07:00 | United Kingdom | Business Investment, q/q | Quarter III | 1.8% | 1.2% | 1.9% |
| 07:00 | United Kingdom | Business Investment, y/y | Quarter III | 1.4% | 4.5% | 5.8% |
| 07:00 | United Kingdom | GDP, y/y | Quarter III | 0.7% | 1% | 0.9% |
| 07:00 | United Kingdom | Current account, bln | Quarter III | -24.0 | -24.1 | -18.1 |
During today's Asian trading, the US dollar rose moderately against major currencies after Friday's drop caused by concerns about the U.S. government shutdown. However, the government shutdown was averted by Congress' passage of spending legislation early on Saturday.
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 0.29% to 107.93. Last week, the index added 0.58%, recording the 3rd consecutive weekly increase. Meanwhile, the latest US inflation data eased some concerns about how much the Fed may cut in 2025, but experts warn that if US inflation proves more stable than expected in the coming months, especially given Trump's policies, the Fed's more hawkish stance could set off near-term market volatility. According to the CME FedWatch Tool, markets see an 8.6% probability of a 0.25% rate cut in January (compared to 14.7% a week ago).
The yen declined 0.15% against the US dollar, approaching a five-month low reached on Friday. The yen's slide has brought out verbal warnings from authorities in Tokyo, with analysts expecting more jawboning through the end of the year. The currency is under pressure from the strong US dollar and a large gap in interest rates, which persists despite the Fed's rate cuts. The yen has fallen by more than 10% against the dollar this year and is preparing to record its 4th consecutive annual decline.