Market news
19.03.2021, 12:09

European session review: dollar stabilized against major currencies

TimeCountryEventPeriodPrevious valueForecastActual
00:01United KingdomGfk Consumer ConfidenceMarch-23 -16
00:30AustraliaRetail Sales, M/MFebruary0.3%0.4%-1.1%
03:00JapanBoJ Interest Rate Decision -0.1%-0.1%-0.1%
07:00GermanyProducer Price Index (YoY)February0.9%2%1.9%
07:00GermanyProducer Price Index (MoM)February1.4%0.7%0.7%
07:00United KingdomPSNB, blnFebruary-3.1-21-19.1

During today's European trading, the dollar consolidated, but continued to receive support from higher treasury yields after the dovish position of the US Federal Reserve.

The yen rose slightly after the Bank of Japan extended its target range for 10-year bond yields by an implicit 5 basis points. The move was noted in the press, with Bank of Japan Governor Haruhiko Kuroda downplaying suggestions that the bank was tightening its policy.

The pound has stabilized after yesterday's decline due to concerns that the vaccination campaign in the UK will slow down. The Bank of England maintained a soft stance at its meeting on Thursday and warned that the outlook for the country's economic recovery remains unclear.

The euro fell 0.15% amid fears of further lockdowns due to the coronavirus in Europe after France imposed a new four-week lockdown from Friday in 16 regions hit hard by the health crisis.

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