- Asian session review: the US dollar stabilized against the euro, the yen rose in price
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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%.
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