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- Asian session review: the dollar stabilized against the euro and yen, the pound fell in price
Asian session review: the dollar stabilized against the euro and yen, the pound fell in price
During today's Asian trading, the US dollar was almost unchanged against the euro and the yen. The ICE Dollar index, which shows the value of the us dollar against six major world currencies, rose by 0.09% compared to the previous day.
Authorities in a number of countries are beginning or planning to gradually relax the restrictive measures that were introduced against the background of the spread of the coronavirus. Italian Prime Minister Giuseppe Conte said over the weekend that the country will gradually ease quarantine measures from May 4, while France is due to present a strategy for lifting restrictions on Tuesday.
Yesterday, British Prime Minister Boris Johnson returned to work after an illness. During the speech, the Prime Minister expressed confidence that the UK will overcome the coronavirus, but he noted that the time has not yet come to relax the measures imposed due to the pandemic. The authorities will be able to weaken them only when they are sure that a second peak in the incidence will not occur because of this, Johnson said.
This week, investors are waiting for the results of the meeting of the US Federal reserve (Fed) and the European Central Bank (ECB).
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