Market news
10.12.2020, 08:18

Asian session review: the euro rose against the us dollar and the yen

TimeCountryEventPeriodPrevious valueForecastActual
00:00AustraliaConsumer Inflation ExpectationDecember3.5% 3.5%
00:30AustraliaRBA Bulletin    
07:00United KingdomManufacturing Production (YoY)October-7.9%-8.4%-7.1%
07:00United KingdomManufacturing Production (MoM) October0.2%0.3%1.7%
07:00United KingdomIndustrial Production (YoY)October-6.3%-6.5%-5.5%
07:00United KingdomIndustrial Production (MoM)October0.5%0.3%1.3%
07:00United KingdomGDP m/mOctober1.1%0.4%0.4%
07:00United KingdomGDP, y/yOctober-8.4% -8.2%
07:00United KingdomTotal Trade BalanceOctober0.6 -1.7
07:45FranceIndustrial Production, m/mOctober1.6%0.4%1.6%


During today's Asian trading, the Euro rose against the US dollar and the yen on expectations of the outcome of the European Central Bank (ECB) meeting.

At the end of today's meeting, the ECB is likely to extend the term of the emergency asset purchase program for six months, until December 2021, and increase its volume by 500 billion euros, to 1.85 trillion euros, according to the consensus forecast of analysts and economists.

The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.04%.

Traders are also waiting for the release of data from the US Labor Department on consumer prices for November, as well as on the number of initial jobless cClaims last week.

The pound fell more than 0.6% against the US dollar. British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to determine by next Sunday whether there is a chance to conclude an agreement on the parties ' relations after Brexit, British media reported.

According to media reports, Johnson and von der Leyen, after hours of talks that ended on Thursday night, stated that while the UK and the EU can not overcome a number of controversial issues.

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