Market news
29.06.2021, 11:42

European session review: USD and JPY appreciate amid Delta COVID variant worries

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomNationwide house price index June1.7%0.7%0.7%
06:00United KingdomNationwide house price index, y/yJune10.9%13.7%13.4%
06:45FranceConsumer confidence June98100102
08:30United KingdomConsumer credit, mlnMay-0.230.240.28
08:30United KingdomMortgage ApprovalsMay86.985.987.5
08:30United KingdomNet Lending to Individuals, blnMay2.8 6.9
09:00EurozoneConsumer ConfidenceJune-5.1-3.3-3.3
09:00EurozoneIndustrial confidenceJune11.512.312.7
09:00EurozoneEconomic sentiment index June114.5116.5117.9

USD and JPY rose against other major currencies in the European session on Tuesday as demand for “safe-haven” assets increased amid raised worries that the spread of the highly-infectious Delta coronavirus variant and the restrictions reinforced by some countries to contain its spread could delay global economic recovery.

The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.19% to 92.07. JPY edged higher against USD. 

Market participants also await the key U.S. payrolls data, which are scheduled to be released on Friday and are expected to help determine the pace of improvement in the labor market. Economists are forecasting that nonfarm payrolls increased by 690,000 in June. Some believe that better-than-expected jobs reading could lead to a more hawkish Federal Reserve.

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