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22.05.2020, 07:04

Asian session review: the dollar rose against the euro, pound, and yuan

TimeCountryEventPeriodPrevious valueForecastActual
00:00JapanBoJ Monetary Policy Statement     
01:00JapanBoJ Interest Rate Decision -0.10%-0.10%-0.10%
06:00United KingdomPSNB, blnApril-2.33-35-61.4
06:00United KingdomRetail Sales (YoY) April-5.8%-22.2%-22.6%
06:00United KingdomRetail Sales (MoM)April-5.2%-16%-18.1%


During today's Asian trading, the US dollar rose against the euro and fell against the yen on the back of growing demand for safe haven assets in connection with the strengthening of contradictions between the US and China.

The focus of traders ' attention is on the escalation of tensions between the US and China after the Chinese announcement of its intention to consider the Hong Kong national security bill.

The bill, which was included in the agenda of the National People's Congress, provides for a ban on separatist activities, as well as aimed at countering terrorism and interference from outside.

In turn, US senators have prepared a bill that involves sanctions against Chinese officials and organizations that monitor compliance with national security laws in Hong Kong, as well as introducing fines for banks that do business with these organizations.

China will not set a target for GDP growth in 2020 because of the impact of the coronavirus epidemic on the country's economy, Premier Li Keqiang said. This is the first time since 1994, when Beijing began setting a GDP growth target.

The ICE Dollar index, which shows the value of the us dollar against six major world currencies, rose by 0.21% compared to the previous trading day.

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