Market news
11.06.2021, 07:02

Asian session review: the dollar fell slightly against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomManufacturing Production (MoM) April2.1%1.5%-0.3%
06:00United KingdomManufacturing Production (YoY)April4.8%41.8%39.7%
06:00United KingdomIndustrial Production (YoY)April3.6%30.5%27.5%
06:00United KingdomIndustrial Production (MoM)April1.8%1.2%-1.3%
06:00United KingdomTotal Trade BalanceApril-2 -0.9
06:00United KingdomGDP m/mApril2.1%2.2%2.3%
06:00United KingdomGDP, y/yApril1.4%27.6%27.6%


During today's Asian trading, the US dollar declined against the euro and rose slightly against the yen after the publication of the US inflation report in May.

Consumer prices in the United States in May jumped by 5% compared to the same month last year, according to data from the Ministry of Labor. The rate of inflation accelerated from 4.2% in April and was the highest in more than 12 years-since August 2008. Analysts had forecast a 4.7% rise in May.

Meanwhile, the European Central Bank (ECB) did not change the parameters of monetary policy following the June meeting. At the same time, the regulator improved the forecast for GDP growth in the euro zone in 2021 to 4.7% from 4.1%. The inflation forecast for this year was raised to 1.9% from 1.5%.

The pound traded steadily against the dollar and fell against the euro. Pressure on the pound is exerted by the news that London and Brussels could not agree on the implementation of the protocol on Northern Ireland, which is part of the Brexit deal.

In addition, in the UK on Wednesday, 7.54 thousand new cases of coronavirus infection were recorded - the maximum daily increase since the end of February. The deterioration of the epidemiological situation may lead to a delay in the removal of the lockdown in the country, which is scheduled for June 21.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.07%.

© 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