- Analytics
- News and Tools
- Market News
- Asian session review: The dollar declined slightly against the major currencies
Asian session review: The dollar declined slightly against the major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:01 | United Kingdom | Gfk Consumer Confidence | February | -28 | -23 | |
| 00:30 | Australia | Retail Sales, M/M | January | -4.1% | 2% | 0.6% |
| 00:30 | Japan | Nikkei Services PMI | February | 46.1 | 45.8 | |
| 00:30 | Japan | Manufacturing PMI | February | 49.8 | 50.6 | |
| 07:00 | Germany | Producer Price Index (YoY) | January | 0.2% | 0.3% | 0.9% |
| 07:00 | Germany | Producer Price Index (MoM) | January | 0.8% | 0.8% | 1.4% |
| 07:00 | United Kingdom | Retail Sales (YoY) | January | 3.1% | -1.3% | -5.9% |
| 07:00 | United Kingdom | Retail Sales (MoM) | January | 0.4% | -2.5% | -8.2% |
| 07:30 | Switzerland | Industrial Production (YoY) | Quarter IV | -5.1% | -3.8% | |
| 07:45 | France | CPI, y/y | January | 0% | 0.6% | 0.6% |
| 07:45 | France | CPI, m/m | January | 0.2% | 0.2% | 0.2% |
During today's Asian trading, the US dollar fell against the euro and declined slightly against the yen.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.11%. However, at the end of this week, the dollar index may show a slight increase. The US currency received support on the back of higher yields on US government bonds.
However, the difficult situation in the labor market and the soft monetary policy of the US Federal Reserve System largely limited the dollar's rise. In addition, the prospects for a global economic recovery due to the adoption of large-scale stimulus packages by countries and the gradual introduction of coronavirus vaccines lead to a decrease in the demand of traders for safe assets.
According to data released yesterday by the US Department of Labor, the number of Americans who applied for unemployment benefits for the first time increased by 13 thousand last week - to 861 thousand people. A week earlier, the number of requests was 848 thousand, and not 793 thousand, as previously reported. Analysts on average expected a decline in the number of applications to 765 thousand.
The pound continued its gains against the US dollar after hitting a two-and-a-half-year high earlier this week amid hopes of an early easing of quarantine restrictions in the UK thanks to mass vaccination against COVID-19.
© 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
