| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:00 | Australia | RBA's Governor Philip Lowe Speaks | | | | |
| 01:30 | Australia | RBA Meeting's Minutes | | | | |
| 06:00 | Switzerland | Trade Balance | May | 3.6 | | 2.0 |
During today's Asian trading, the US dollar declined moderately against major currencies, continuing yesterday's decline.
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) fell by 0.35% after declining by 0.24% on Monday.
The pound rose slightly against the US dollar. However, according to Rabobank analysts, the pound may fall below $1.20 from the current $1.227, as the US dollar will be supported by demand for protective assets against the background of recession risks.
"If the market is afraid of the risks of a recession in the United States, then it should buy dollars, not sell them. This opinion is based on historical data on the dynamics of the dollar during the downward phase of economic cycles in the United States," said HSBC analyst Darag Maher.
A lot of central bankers will speak this week, with the most important being Fed Chairman Jerome Powell's speech before the House of Representatives on Wednesday and Thursday.