• Asian session review: the dollar rose against most currencies

Market news

18 December 2020

Asian session review: the dollar rose against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
00:00New ZealandANZ Business ConfidenceDecember-6.9 9.4
03:00JapanBoJ Interest Rate Decision -0.1%-0.1%-0.1%
07:00GermanyProducer Price Index (YoY)November-0.7%-0.6%-0.5%
07:00GermanyProducer Price Index (MoM)November0.1%0.1%0.2%
07:00United KingdomRetail Sales (YoY) November5.8%2.8%2.4%
07:00United KingdomRetail Sales (MoM)November1.3%-4.2%-3.8%


During today's Asian trading, the US dollar rose against major world currencies after a sharp drop in the previous session. The Federal Reserve's announcement of its intention to continue buying $120 billion worth of assets a month until significant progress is made in achieving the goals of maximum employment and price stability has given traders the green light to sell dollars.

The dollar index rose to its highest level in more than three years earlier this year amid an influx of investor funds into the most reliable assets at the peak of the Covid-19 pandemic. Since March, however, the index value has fallen by 13%.

The yen is getting cheaper. Following the results of the meeting on Friday, the Japanese Central Bank decided to extend the term of the emergency lending program for companies affected by the COVID-19 pandemic for six months - until September 2021. He kept the short-term interest rate on deposits of commercial banks in the Central Bank at -0.1% per annum, the target yield of ten-year government bonds of Japan - about zero.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.13%. On the eve of the index value fell below 90 points for the first time since April 2018. Since the beginning of 2020, the ICE index has fallen by 6.8%.

Market Focus
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
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.