- Analytics
- News and Tools
- Market News
- Asian session review: the US dollar declined against major currencies
Asian session review: the US dollar declined against major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Japan | Manufacturing PMI | May | 53.6 | 53 | |
| 01:00 | Australia | MI Inflation Gauge, m/m | May | 0.4% | -0.2% | |
| 01:30 | Australia | Company Gross Profits QoQ | Quarter I | -4.8% | 3% | -0.3% |
| 01:30 | Australia | Building Permits, m/m | April | 18.9% | -10% | -8.6% |
| 01:30 | Australia | Current Account, bln | Quarter I | 16.0 | 17.9 | 18.3 |
| 01:45 | China | Markit/Caixin Manufacturing PMI | May | 51.9 | 51.9 | 52 |
| 04:30 | Australia | Announcement of the RBA decision on the discount rate | 0.1% | 0.1% | 0.1% | |
| 06:00 | United Kingdom | Nationwide house price index, y/y | May | 7.1% | 9.2% | 10.9% |
| 06:00 | United Kingdom | Nationwide house price index | May | 2.3% | 0.8% | 1.8% |
| 06:30 | Switzerland | Retail Sales (MoM) | April | 22.1% | -4.4% | |
| 06:30 | Switzerland | Retail Sales Y/Y | April | 23.1% | 35.7% | |
| 07:00 | Switzerland | Gross Domestic Product (YoY) | Quarter I | -1.6% | -0.2% | -0.5% |
| 07:00 | Switzerland | Gross Domestic Product (QoQ) | Quarter I | 0.3% | -0.5% | -0.5% |
During today's Asian trading, the pound rose against the US dollar amid growing expectations that the UK economy will quickly gain strength thanks to the country's successful COVID-19 vaccination campaign. The US dollar also declined slightly against the euro and was unchanged against the yen.
"Thanks to the progress in vaccination, Britain is closer to economic normalization than other countries. The pound may rise to $1.45, " analysts at Ueda Harlow Ltd said.
According to estimates by Bloomberg and Johns Hopkins University, at the current rate of vaccination in the UK within a month, the proportion of the country's population who received two doses of the coronavirus vaccine will reach 75%.
The improved outlook for the British economy contributes to the growth of expectations that the Bank of England may soon think about a gradual curtailment of stimulus measures. The market estimates a 46% chance of the Bank of England raising its benchmark interest rate by August 2022.
The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.3%.
© 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
