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- Asian session review: the US dollar traded stable against major currencies
Asian session review: the US dollar traded stable against major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | Germany | Producer Price Index (YoY) | August | -1.7% | -1.4% | -1.2% |
| 06:00 | Germany | Producer Price Index (MoM) | August | 0.2% | -0.1% | 0% |
| 06:00 | United Kingdom | Retail Sales (YoY) | August | 1.4% | 3% | 2.8% |
| 06:00 | United Kingdom | Retail Sales (MoM) | August | 3.7% | 0.7% | 0.8% |
During today's Asian trading, the US dollar was almost unchanged against major currencies.
The focus was on data for Japan. Consumer prices excluding the cost of fresh food in Japan in August decreased by 0.4% compared to the same month last year, according to data from the Ministry of internal Affairs and communications of the country. The last time the indicator fell by this amount was almost four years ago-in November 2016. In June and July, prices did not change in annual terms. The August figure coincided with the forecast.
At the end of trading on Thursday, the yen reached its highest in 7 months against the background of US statistical data that did not meet forecasts and uncertainty about the economic outlook.
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 0.10%.
The pound rose slightly against the US dollar, helped by UK data. The volume of retail sales in the UK in August increased by 0.8% compared to the previous month, according to data from the Office for National Statistics (ONS). This is the lowest rate of growth over the past four months. In annual terms, sales increased by 2.8%. Analysts on average predicted an increase in the first indicator by 0.7% and the second-by 3%.
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