- Asian session review: the dollar has stabilized against major world currencies
Market news
Asian session review: the dollar has stabilized against major world currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | Private Capital Expenditure | Quarter II | -2.1% | -8.4% | -5.9% |
| 04:30 | Japan | All Industry Activity Index, m/m | June | -4.1% | 6.1% | |
| 05:45 | Switzerland | Gross Domestic Product (YoY) | Quarter II | -0.7% | -9.6% | -9.3% |
| 05:45 | Switzerland | Gross Domestic Product (QoQ) | Quarter II | -2.5% | -8.6% | -8.2% |
In today's Asian trading, the US dollar did not show significant changes against major world currencies. Traders are waiting for the speech of Federal reserve Chairman Jerome Powell at the Federal reserve bank of Kansas city event starting today.
The Symposium, organized by the Federal reserve bank of Kansas city, annually gathers the heads of world Central banks, finance ministers, academics and financial market participants in Jackson hole. This year's event will be held online on August 27-28, with the theme "Moving into the next decade: consequences of monetary policy".
"Markets are focusing on Fed chief Powell's speech in Jackson Hole, which is expected to be very market-oriented," said AxiCorp expert Stephen Innes.
Investors are also monitoring developments in the development of coronavirus vaccines, while governments and central banks around the world continue to take measures to support economies. The number of people infected since the beginning of the COVID-19 pandemic in the world has reached 24 million 99 thousand 954 people, increasing by 210 thousand 804 per day, according to the American Johns Hopkins University.
The ICE index, which tracks the dynamics of the US dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound and swedish krona), fell by 0.08% compared to the previous day.
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