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- Asian session review: the US dollar declined slightly against most currencies
Asian session review: the US dollar declined slightly against most currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | Retail Sales, M/M | June | 0.4% | -1.8% | -1.8% |
| 01:45 | China | Markit/Caixin Services PMI | July | 50.3 | 54.9 |
During today's Asian trading, the US dollar fell against the euro and was almost unchanged against the yen.
Traders continue to closely monitor the situation with the spread of the new COVID-19 "delta" strain in the world, trying to assess the potential consequences for the global economy.
The pound rose 0.2% against the US dollar. Market participants are waiting for the results of the Bank of England meeting, which will be summed up on Thursday.
The Australian dollar also rose by 0.20% against the US dollar. The Reserve Bank of Australia (RBA) at the end of the meeting on Tuesday kept both the key rate and the target yield of three-year government bonds at the level of 0.1% per annum. The central bank said that it will begin to reduce the volume of bond repurchases in September, despite a slight deterioration in the prospects for economic growth due to new restrictive measures introduced in connection with the renewed rise in the incidence of COVID-19.
The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.10%.
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