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- Asian session review: the dollar declined slightly against the main currencies
Asian session review: the dollar declined slightly against the main currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 03:30 | Australia | Announcement of the RBA decision on the discount rate | 0.1% | 0.1% | 0.1% | |
| 07:00 | United Kingdom | Nationwide house price index, y/y | January | 7.3% | 6.9% | 6.4% |
| 07:00 | United Kingdom | Nationwide house price index | January | 0.9% | 0.3% | -0.3% |
| 07:45 | France | CPI, m/m | January | 0.2% | -0.1% | 0.2% |
| 07:45 | France | CPI, y/y | January | 0% | 0.4% | 0.6% |
During today's Asian trading, the US dollar fell against the euro and was almost unchanged against the yen. The pound is growing on the back of the successful implementation of the COVID-19 vaccination program in the country.
Vaccination against COVID-19 in the UK is moving faster than in the US and Europe, and, according to the latest data, about 9 million people have already been vaccinated in the country. Against this background, analysts ' expectations related to the possibility of an early reduction in the base interest rate by the Bank of England are fading. On Thursday, the Bank of England is due to publish the results of consultations on the possible reduction of the base rate to a negative level.
The Australian dollar is rising against the US dollar. The Reserve Bank of Australia has unexpectedly announced the extension of its bond buyback program, thus confirming its desire to support the country's economic recovery after the crisis caused by the coronavirus pandemic. "The economic recovery is on track and is stronger than previously expected," RBA Governor Philip Lowe said.
The ICE dollar index, which tracks its performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.06%.
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