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- Asian session review: the US dollar consolidated against most currencies
Asian session review: the US dollar consolidated against most currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | China | PPI y/y | July | 8.8% | 8.8% | 9% |
| 01:30 | China | CPI y/y | July | 1.1% | 0.8% | 1.0% |
| 05:45 | Switzerland | Unemployment Rate (non s.a.) | July | 2.8% | 2.8% | 2.8% |
| 06:00 | Germany | Current Account | June | 13.9 | 22.5 | |
| 06:00 | Germany | Trade Balance (non s.a.), bln | June | 12.5 | 16.3 |
During today's Asian trading, the US dollar was trading steadily against the euro and the australian dollar, but declined against the yen and the pound.
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 0.04%.
The fall of the US dollar was limited by assumptions that the Federal Reserve System will soon begin a gradual curtailment of stimulus measures against the background of the recovery of the American economy.
The situation with the spread of coronavirus in the world remains in the center of attention. Meanwhile, more than 100 thousand new cases of infection were detected in the United States last Saturday, which was the highest figure in 6 months.
Officials from the United States health system have warned that the increase in the number of cases and deaths will continue to accelerate if the rate of vaccination is not increased.
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