• Asian session review: the dollar fell against the euro

Market news

8 October 2020

Asian session review: the dollar fell against the euro

TimeCountryEventPeriodPrevious valueForecastActual
05:00JapanEco Watchers Survey: Current September43.9 49.3
05:00JapanEco Watchers Survey: OutlookSeptember42.4 48.3
05:45SwitzerlandUnemployment Rate (non s.a.)September3.3%3.3%3.2%
06:00GermanyCurrent Account August21.0 16.5
06:00GermanyTrade Balance (non s.a.), blnAugust19.2 12.8


During today's Asian trading, the US dollar declined against the euro and was almost unchanged against the yen.

Traders are assessing the prospects for the US authorities to take new stimulus measures against the background of the controversial actions of US President Donald Trump. On Tuesday, Trump announced the termination of negotiations with Congress on a new package of incentives before the presidential election, which will be held on November 3, but a few hours later called on lawmakers to approve the allocation of additional assistance to airlines, as well as funds for small business support programs and direct payments to Americans.

House speaker Nancy Pelosi said Wednesday that Democrats oppose passing several bills to target certain segments of the economy outside of a large-scale stimulus package. "It's hard to see a clear, reasonable line in what he's doing," Pelosi said, commenting on Trump's actions.

The ICE index, which tracks the US dollar against six currencies (the Euro, Swiss franc, yen, canadian dollar, pound sterling and Swedish Krona), fell 0.08%.

Traders are closely monitoring the dynamics of US - China relations after Bloomberg reported yesterday that Washington is considering imposing restrictions on China's Ant Group and Tencent Holdings Ltd. due to concerns that the payment platforms of these companies may pose a threat to US national security.

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