| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | Germany | Industrial Production s.a. (MoM) | March | -1.3% | 0.8% | 3.0% |
| 06:00 | Germany | Trade Balance (s.a.), bln | March | 18 | 19 | 21.1 |
During today's Asian trading, the US dollar rose moderately against major currencies, a day after the Fed warned of rising risks to the economy from higher inflation and unemployment.
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 0.25% to 100.16. Yesterday, the index added 0.38%. The Federal Reserve kept interest rates unchanged on Wednesday, maintaining the target range at 4.25–4.50% for the third consecutive meeting. The decision reflects growing uncertainty around the U.S. economic outlook. While recent data points to solid economic growth and a strong labor market, the Fed acknowledged ongoing inflation concerns and risks of rising unemployment. Officials emphasized they will continue to monitor incoming data and adjust policy as needed to support their goals of stable prices and maximum employment. The Fed’s next policy meeting is set for June 17–18, when updated economic projections will be released. According to CME’s FedWatch Tool, markets currently see a 79.9% chance of no change next month, and a 20.1% chance of a rate cut.
The British pound rose sharply after former U.S. President Donald Trump teased a "major trade deal" announcement, with the New York Times reporting the partner would be the U.K. However, the pound later lost all positions against the U.S. dollar.
Trump, posting on Truth Social, said he would hold a press conference at 14:00 GMT about a significant trade agreement with a “respected country,” calling it the first of many. While he didn’t name the country, speculation grew following Britain’s recent trade deal with India. Analysts said markets welcomed the potential clarity a deal might bring. However, complex negotiations with the EU and China are expected to follow. Meanwhile, the U.S. Treasury Secretary Scott Bessent and chief negotiator Jamieson Greer are set to meet China’s He Lifeng on Saturday in Switzerland, amid tensions over tariffs.