| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | China | PPI y/y | April | 4.4% | 6.5% | 6.8% |
| 01:30 | China | CPI y/y | April | 0.4% | 1% | 0.9% |
During today's Asian trading, the US dollar rose against the yen and the pound, but fell against the euro and the australian dollar.
The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.10%.
The focus of the foreign exchange market this week is the April data on the dynamics of consumer prices in the United States, which will be released by the Labor Department on Wednesday at 12:30 GMT. The consensus forecast of experts provides for an acceleration of inflation in the United States in April to 3.6% in annual terms, compared with 2.6% in March.
Several factors point to an increase in inflation, including wage growth, budget incentives and higher commodity prices, experts say. The Federal Reserve Bank of New York's inflation expectations indicator rose to 3.4% in April, the highest since September 2013, from 3.2% in March.
Meanwhile, the president of the Federal Reserve Bank of Chicago, Charles Evans, said yesterday that the rate of inflation, as well as the level of employment in the United States, is far from the indicators at which the Fed could think about changing monetary policy.