- Asian session review: the dollar fell slightly against the euro
Market news
Asian session review: the dollar fell slightly against the euro
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | Trade Balance | March | 3.87 | 6.8 | 10.60 |
| 01:45 | China | Markit/Caixin Services PMI | April | 43.0 | 44.4 | |
| 03:00 | New Zealand | Expected Annual Inflation 2y from now | Quarter II | 1.9% | 1.2% | |
| 03:00 | China | Trade Balance, bln | April | 19.93 | 9.7 | 45.34 |
| 06:00 | Germany | Industrial Production s.a. (MoM) | March | 0.3% | -7.5% | -9.2% |
| 06:00 | United Kingdom | BOE Inflation Letter | ||||
| 06:00 | United Kingdom | BoE Interest Rate Decision | 0.1% | 0.1% | 0.1% | |
| 06:00 | United Kingdom | Asset Purchase Facility | 645 | 645 | 645 | |
| 06:00 | United Kingdom | Bank of England Minutes | ||||
| 06:45 | France | Trade Balance, bln | March | -5 | -3.3 | |
| 06:45 | France | Industrial Production, m/m | March | 0.8% | -12.4% | -16.2% |
| 06:45 | France | Non-Farm Payrolls | Quarter I | 0.4% | -2.3% |
During today's Asian trading, the US dollar fell slightly against the euro, following yesterday's strengthening.
Meanwhile, demand for the japanese yen persists, as investors limit investments in risky assets amid pessimistic economic data, escalating contradictions between the US and China and concerns about the Euro zone economy.
The European Commission expects the Eurozone's GDP to fall by a record 7.75% in 2020, according to a spring forecast. In 2021, it is expected to rise by 6.25%. The EU's GDP is forecast to collapse by 7.5% this year and increase by about 6% next year.
The ICE Dollar index, which shows the value of the us dollar against six major world currencies, rose by 0.04% compared to the previous day.
The pound rose sharply against the US dollar after the Bank of England kept its benchmark interest rate at 0.1%, did not increase asset repurchases at the end of the meeting on Thursday.
Data on China also came into focus. Chinese exports unexpectedly rebounded in April on the back of a gradual resumption of business activity, while the pace of falling imports accelerated strongly.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer