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- Asian session review: the dollar traded stable against the euro
Asian session review: the dollar traded stable against the euro
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 04:30 | Japan | Tertiary Industry Index | July | 7.9% | -0.5% | |
| 04:30 | Japan | Industrial Production (YoY) | July | -18.2% | -15.5% | |
| 04:30 | Japan | Industrial Production (MoM) | July | 1.9% | 8% | 8.7% |
During today's Asian session, the US dollar stabilized against the euro and declined against the yen. This week, traders are waiting for the results of the meeting of the US Federal Reserve System, the Bank of Japan and the Bank of England.
Investors' appetite for risk was boosted by news of the resumption of trials of a vaccine being developed by pharmaceutical company AstraZeneca and the University of Oxford.
Meanwhile, the Liberal democratic party of Japan is due to choose its Chairman on Monday to become the country's Prime Minister. The key candidate for the post is Japanese Cabinet Secretary General Yoshihide Suga, who is expected to continue Shinzo Abe's course of maintaining low borrowing costs and deregulation.
The Tankan index, which measures the level of business confidence of large Japanese manufacturing companies, rose by 4 points in September compared to the previous month and amounted to -29 points. The value of the indicator was the highest in six months, but industrial companies remain pessimistic about the pace of economic growth.
The ICE index, which tracks the dynamics of the US dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.17% during trading.
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