- Asian session review: USD firms after first U.S. presidential debate
Market news
Asian session review: USD firms after first U.S. presidential debate
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | New Zealand | ANZ Business Confidence | September | -41.8 | -28.5 | |
| 01:00 | China | Non-Manufacturing PMI | September | 55.2 | 55.9 | |
| 01:00 | China | Manufacturing PMI | September | 51 | 51.2 | 51.5 |
| 01:30 | Australia | Private Sector Credit, m/m | August | -0.1% | 0.0% | |
| 01:30 | Australia | Private Sector Credit, y/y | August | 2.4% | 2.2% | |
| 01:30 | Australia | Building Permits, m/m | August | 12.2% | -2% | -1.6% |
| 01:45 | China | Markit/Caixin Manufacturing PMI | September | 53.1 | 53.1 | 53.0 |
| 05:00 | Japan | Construction Orders, y/y | August | -22.9% | ||
| 05:00 | Japan | Housing Starts, y/y | August | -11.3% | -10.9% | -9.1% |
| 06:00 | United Kingdom | Nationwide house price index | September | 2% | 0.5% | 0.9% |
| 06:00 | United Kingdom | Nationwide house price index, y/y | September | 3.7% | 4.5% | 5% |
| 06:00 | United Kingdom | Business Investment, q/q | Quarter II | -0.5% | -26.5% | |
| 06:00 | United Kingdom | Business Investment, y/y | Quarter II | 1.1% | -26.1% | |
| 06:00 | Germany | Retail sales, real adjusted | August | -0.2% | 0.5% | 3.1% |
| 06:00 | Germany | Retail sales, real unadjusted, y/y | August | 4.2% | 4.2% | 3.7% |
| 06:00 | United Kingdom | Current account, bln | Quarter II | -20.8 | -0.4 | -2.8 |
| 06:00 | United Kingdom | GDP, y/y | Quarter II | -2.1% | -21.7% | -21.5% |
| 06:00 | United Kingdom | GDP, q/q | Quarter II | -2.5% | -20.4% | -19.8% |
| 06:45 | France | Consumer spending | August | -0.9% | -0.2% | 2.3% |
| 06:45 | France | CPI, m/m | September | -0.1% | -0.5% | |
| 06:45 | France | CPI, y/y | September | 0.2% | 0.1% | |
| 07:00 | Switzerland | KOF Leading Indicator | September | 110.2 | 106 | 113.8 |
| 07:55 | Germany | Unemployment Change | September | -9 | -8 | -8 |
| 07:55 | Germany | Unemployment Rate s.a. | September | 6.4% | 6.4% | 6.3% |
| 08:00 | Switzerland | Credit Suisse ZEW Survey (Expectations) | September | 45.6 | 26.2 |
USD rose against other major currencies in the Asian session on Wednesday as investors digested the first U.S. presidential debate between incumbent President Donald Trump and Democratic challenger Joe Biden. The two interrupted each other and exchanged sharp remarks in a face-to-face challenge late Tuesday evening, disputing on the coronavirus pandemic, the economy and taxes. According to analysts, neither candidate came out of the debate as a decisive advantage.
Investors also continued to monitor the progress toward a new fiscal stimulus package in the U.S. On Tuesday, House Speaker Nancy Pelosi said that she hoped to agree on a stimulus package with the White House this week, after speaking with Treasury Secretary Steve Mnuchin. The two officials are to talk again on Wednesday.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, increased 0.13% to 94.01.
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