- Analytics
- News and Tools
- Market News
- Asian session review: the dollar rose against most major currencies
Asian session review: the dollar rose against most major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | Construction Work Done | Quarter I | -0.3% | -1.5% | -1.0% |
| 05:45 | France | Consumer confidence | May | 95 | 92 | 93 |
The US dollar rose against the euro, pound, and Australian dollar and was little changed against the Japanese yen. The Chinese yuan is getting cheaper due to the further deterioration of relations between the US and China. Washington may take further measures against China over Hong Kong by the end of this week, US President Donald Trump has said.
"Something you will hear before the end of this week, I think it will be powerful," he said, responding to a journalist's question about possible sanctions against China. However, he did not specify that it is about sanctions.
Last week, the Chinese authorities announced their intention to pass a bill creating a law enforcement mechanism to ensure national security in Hong Kong.
Premier Li Keqiang confirmed that Beijing intends to create "stable legal systems and enforcement mechanisms to protect national security in Hong Kong."
The yuan was also pressured by reports that the US is considering imposing sanctions on Chinese officials.
The ICE Dollar index, which shows the value of the us dollar against six major world currencies, rose by 0.30% compared to the previous trading day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
