- Asian session review: the dollar rose against the euro and pound, and stabilized against the yen
Market news
Asian session review: the dollar rose against the euro and pound, and stabilized against the yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | RBA Monetary Policy Statement | ||||
| 05:00 | Japan | Leading Economic Index | June | 78.4 | 85.0 | |
| 05:00 | Japan | Coincident Index | June | 72.9 | 76.4 | |
| 06:00 | Germany | Current Account | June | 6.5 | 22.4 | |
| 06:00 | Germany | Trade Balance (non s.a.), bln | June | 7.0 | 15.6 | |
| 06:00 | Germany | Industrial Production s.a. (MoM) | June | 7.4% | 8.1% | 8.9% |
| 06:45 | France | Industrial Production, m/m | June | 19.9% | 8.9% | 12.7% |
| 06:45 | France | Trade Balance, bln | June | -7.5 | -8 | |
| 06:45 | France | Non-Farm Payrolls | Quarter II | -2.5% | -0.6% |
During today's Asian trading, the US dollar strengthened against the euro and changed little against the yen.
On Thursday, investors were evaluating data on the US labor market. The number of Americans who first applied for unemployment benefits fell by 249,000 in the week ending August 1 to 1,186 million, the lowest since the start of the coronavirus pandemic.
The pound declined against the dollar and rose against the euro. The day before, the Bank of England announced that the base interest rate at the end of the August meeting would remain at 0.1%. The Bank of England also decided to leave the volume of the government bond repurchase program at 745 billion pounds.
The exchange rate of the Chinese yuan is declining. Chinese exports in July jumped by 7.2% compared to the same month last year, according to data From the General customs administration of China. This came as a surprise to analysts , who on average expected a 0.2% reduction.
In addition, the People's Bank of China (PBOC) on Friday poured 10 billion yuan into the banking system through reverse REPO, the rate was 2.2% per annum.
The ICE Dollar index, which shows the value of the us dollar against six major world currencies, rose 0.31% from the previous day.
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