- Analytics
- News and Tools
- Market News
- Asian session review: the dollar rose against major currencies before the Fed meeting
Asian session review: the dollar rose against major currencies before the Fed meeting
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 07:00 | United Kingdom | Average earnings ex bonuses, 3 m/y | November | 2.8% | 3.2% | 3.6% |
| 07:00 | United Kingdom | Average Earnings, 3m/y | November | 2.8% | 2.9% | 3.6% |
| 07:00 | United Kingdom | ILO Unemployment Rate | November | 4.9% | 5.1% | 5% |
| 07:00 | United Kingdom | Claimant count | December | 38.1 | 35 | 7 |
During today's Asian trading, the US dollar rose against the euro and fell slightly against the yen.
Traders are trying to avoid risks against the background of the continued high incidence of COVID-19 in a number of regions of the world. Concerns about the spread of new strains of coronavirus are dampening the optimism created by the advent of vaccines, analysts say.
In addition, doubts are growing that US President Joe Biden will be able to pass through Congress his plan to support the economy of $1.9 trillion, given the clear opposition from Republicans.
The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.2%.
The Federal Reserve System begins a two-day meeting on Tuesday, but traders do not expect any important steps from it. The base interest rate is likely to remain at 0-0. 25% per annum in the coming years, and the only point where changes are possible in the foreseeable future concerns the timing of the asset purchase program, experts say.
© 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
