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- Asian session review: the US dollar fell against the euro and yen
Asian session review: the US dollar fell against the euro and yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 07:00 | Germany | Gfk Consumer Confidence Survey | April | 8.3 | 7.1 | 2.7 |
| 07:00 | United Kingdom | Retail Sales (MoM) | February | 1.1% | 0.2% | -0.3% |
| 07:00 | United Kingdom | Retail Sales (YoY) | February | 0.9% | 0.8% | 0% |
During today's Asian trading, the US dollar fell against the euro and the yen. The ICE Dollar index, which tracks the dynamics of the dollar against six major currencies, fell by 0.28%.
Experts note that the risk appetite of investors is currently neutral, as the market is waiting for data on the us labor market, as well as a teleconference of the leaders of the G-20.
The number of new applications for unemployment benefits in the US probably rose sharply last week due to restrictions imposed in response to the spread of the coronavirus, which has already led to the termination of many small businesses.
The consensus forecast of experts provides for an increase in the number of initial jobless claims to 1 million compared to 281 thousand a week earlier, according to data from Trading Economics.
Analysts also note a slight weakening of demand for dollar liquidity for the last time. However, in their opinion, at the end of the month, we can expect short-term jumps in speculative demand for the us currency, which will lead to its strengthening.
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