Market news
11.01.2021, 08:19

Asian session review: the dollar rose against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
00:00AustraliaMI Inflation Gauge, m/mDecember0.3% 0.5%
00:30AustraliaRetail Sales, M/MNovember1.4%7.0%7.1%
01:30ChinaPPI y/yDecember-1.5%-0.8%-0.4%
01:30ChinaCPI y/yDecember-0.5%0.1%0.2%


During today's Asian trading, the US dollar rose moderately against most of the world's currencies. According to the American media, in the US Senate elections in Georgia, the candidates from the Democratic Party are leading. Thus, the majority in the Senate can go to the Democrats.

Meanwhile, US President-elect Joe Biden on Friday called for new economic stimulus measures, including direct payments to residents, amid a decline in the number of jobs in December for the first time since April due to a jump in the incidence of coronavirus. Biden will present his proposals to support the economy on Thursday.

The yuan is slightly declining. Consumer inflation in China at the end of 2020 was 2.5%, while producer prices fell by 1.8%. The People's Bank of China (PBOC) has provided banks with 5 billion yuan in reverse repo operations. The interest rate on seven-day operations was 2.2% per annum, the Chinese Central Bank said in a statement.

The Australian dollar is cheaper against the US dollar, despite data on the growth of retail sales in Australia in November by 7.1%. This is the maximum rate of increase in sales for six months. Previously, an increase of 7% was announced, and analysts did not expect a revision of the indicator.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.3%

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