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- Asian session review: the US dollar rose slightly against the euro, but fell against the yen
Asian session review: the US dollar rose slightly against the euro, but fell against the yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | RBA's Governor Philip Lowe Speaks | ||||
| 01:45 | China | Markit/Caixin Services PMI | January | 52.5 | 52.6 | 51.8 |
| 06:45 | Switzerland | SECO Consumer Climate | Quarter I | -10.3 | -9.4 |
The US dollar rose slightly against the euro and weakened against the yen, as demand for safe haven assets remains high amid the continued spread of the coronavirus in China and beyond.
Over the past day, the number of infected people in the country increased by 3.887 thousand people, and deaths - by 65, all recorded in Hubei province, which is the epicenter of the spread of the coronavirus.
"The reaction of Asian currencies is understandable, given how the situation with the coronavirus is developing," said Eddi Chung, an analyst at emerging markets Credit Agricole CIB. "We have yet to see the impact of the epidemic on economic growth in China and Asia as a whole."
US President Donald trump, who won the Republican Caucus in Iowa earlier this week with 97% of the vote, addressed the nation in the US Congress on Tuesday. He talked about the" incredible results " of his administration's economic policy and the rosy prospects for the US economy.
At the same time, the first and incomplete results of voting at The democratic party's Caucus in Iowa show that Pete Buttigich leads among the democratic presidential candidates. After counting 62% of the statewide vote, Buttigic is gaining 28%. Bernie Sanders is in second place with 25%. Senator Elizabeth Warren won 18 %. At the same time, former Vice President Joe Biden, who is considered the main democratic presidential candidate, was in fourth place with 15.6%.
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