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- Foreign exchange market. Asian session: the euro and the yen gained
Foreign exchange market. Asian session: the euro and the yen gained
Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
05:00 Japan Leading Economic Index (Finally) June 106.2 106.5
05:00 Japan Coincident Index (Finally) June 109.0 112.3
The yen and the euro continued rising against the U.S. dollar amid weak global growth and inflation outlook. Low inflation expectations affected investors' forecasts of a rate hike in the U.S. Now market participants expect the Federal Reserve to start tightening its monetary policy in December or in 2016.
The yen got some additional support as a safe-haven asset due to declines in Asian stocks.
Such commodity currencies as the Australian and New Zealand dollars fell amid lower oil prices and concerns over China's economy. These concerns were generated by weak manufacturing data from the world's second-biggest economy and the unexpected devaluation of the yuan on August 11.
EUR/USD: the pair rose to $1.1495 in Asian trade
USD/JPY: the pair fell to Y120.75
GBP/USD: the pair traded within $1.5660-95
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
12:30 U.S. Chicago Federal National Activity Index July 0.08
19:55 U.S. FOMC Member Dennis Lockhart Speaks
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