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.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location