- Analytics
- News and Tools
- Market News
- Asian session review: the US dollar stabilized against the euro, the yen rose in price
Asian session review: the US dollar stabilized against the euro, the yen rose in price
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | U.S. | FOMC Member Mester Speaks | ||||
| 00:01 | United Kingdom | Gfk Consumer Confidence | February | -9 | -8 | -7 |
| 00:30 | Australia | Private Sector Credit, m/m | January | 0.2% | 0.2% | 0.3% |
| 00:30 | Australia | Private Sector Credit, y/y | January | 2.4% | 2.5% | |
| 05:00 | Japan | Construction Orders, y/y | January | 21.4% | 17% | |
| 05:00 | Japan | Housing Starts, y/y | January | -7.9% | -6.1% | -10.1% |
| 07:00 | United Kingdom | Nationwide house price index, y/y | February | 1.9% | 2.3% | 2.3% |
| 07:00 | United Kingdom | Nationwide house price index | February | 0.5% | 0.4% | 0.3% |
During today's Asian trading, the US dollar was almost unchanged against the euro. At the same time, the yen rose in price as a "safe haven" asset amid increasing concerns about the negative impact of COVID-19 on the global economy.
According to analysts, there are no signs of slowing down the spread of coronavirus outside China, which pushes investors to transfer funds to protective assets, which, among other things, include the Japanese national currency.
Bank of America lowered its forecast for global economic growth this year to 2.8% from the previously expected 3.1%. This is the lowest growth rate since the financial crisis of 2009. At the same time, China expects economic growth of only 5.2% - at least since 1990. Earlier, the Bank's analysts had expected an increase of 5.6%.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.13% compared to the previous day. Yesterday it fell by 0.5%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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.
Bank transfers
