- Asian session review: the dollar fell against most currencies after rising in recent days
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Asian session review: the dollar fell against most currencies after rising in recent days
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Japan | Manufacturing PMI | February | 48.8 | 47.6 | |
| 04:30 | Japan | All Industry Activity Index, m/m | December | 0.9% | 0% |
During today's Asian trading, the US dollar declined after a significant increase in recent days.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.07% compared to the previous day. On Thursday, it rose for the third consecutive session and reached its highest in three years.
Concerns about the negative impact on the economy of China and other Asian countries from the spread of a new type of coronavirus caused a significant decline in a number of currencies in the region against the US dollar. Thus, the Thai baht fell to the lowest level since June, the Korean won - since October, the Singapore dollar-almost three years, analysts say National Australia Bank.
Meanwhile, statistics released on Friday indicated that inflation in Japan accelerated for the fourth month in a row in January.
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