Market news
12.08.2021, 07:19

Asian session review: the US dollar consolidated against major currencies

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomIndustrial Production (MoM)June0.6%0.3%-0.7%
06:00United KingdomManufacturing Production (YoY)June28.2%13.5%13.9%
06:00United KingdomIndustrial Production (YoY)June20.7%9.4%8.3%
06:00United KingdomManufacturing Production (MoM) June0.1%0.4%0.2%
06:00United KingdomBusiness Investment, q/qQuarter II-10.7% 2.4%
06:00United KingdomBusiness Investment, y/yQuarter II-16.9% 9.7%
06:00United KingdomGDP m/mJune0.6%0.8%1.0%
06:00United KingdomTotal Trade BalanceJune-0.2 -2.5
06:00United KingdomGDP, y/yQuarter II-6.1%22.1%22.2%
06:00United KingdomGDP, q/qQuarter II-1.6%4.8%4.8%
06:00United KingdomGDP, y/yJune24.5%14.9%15.2%


During today's Asian trading, the US dollar was trading steadily against the euro and the yen and rose slightly against the pound. Meanwhile, the US dollar index was held near the highest level in four months.

Many analysts still expect that the US Federal Reserve System (Fed) will announce a tightening of monetary policy this year, which in the future may support the dollar.

The pound fell slightly against the dollar. The UK economy in the second quarter of 2021 increased by 4.8% compared to the previous three months, according to preliminary data from the National Statistics Office (ONS). Relative to April-June 2020, GDP grew by 22.2%. Analysts predicted an increase of 4.8% in quarterly terms and 22.1% per annum.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.01%.

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