- Analytics
- News and Tools
- Market News
- Asian session review: the US dollar rose against most major currencies
Asian session review: the US dollar rose against most major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:45 | France | Industrial Production, m/m | May | -20.6% | 15.1% | 19.6% |
During today's Asian trading, the US dollar rose against the euro and declined against the yen as investors withdrew from risky assets due to the increase in the number of new cases of COVID-19 coronavirus infection in a number of countries around the world.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, rose by 0.21% relative to the previous trading day.
Demand for safe haven assets is rising again as the number of confirmed COVID-19 cases around the world continues to grow, undermining confidence in the near-term recovery of the economy.
According to the latest data, more than 60,000 new cases of COVID-19 have been reported in the US, which is the largest one-day figure among all countries affected by the pandemic so far. All this happened due to the fact that many american citizens returned to a normal lifestyle and began to massively go out to public places. Of course, all these facts undermine the chances of rapid growth and recovery of the American economy.
© 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
