- Asian session review: the dollar was almost unchanged against the major currencies
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Asian session review: the dollar was almost unchanged against the major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | Australia | MI Inflation Gauge, m/m | January | 0.5% | 0.2% | |
| 00:30 | Australia | ANZ Job Advertisements (MoM) | January | 8.6% | 2.3% | |
| 00:30 | Australia | Home Loans | December | 5.5% | 8.7% | |
| 00:30 | Japan | Manufacturing PMI | January | 50 | 49.7 | 49.8 |
| 01:45 | China | Markit/Caixin Manufacturing PMI | January | 53.0 | 52.7 | 51.5 |
| 07:00 | Germany | Retail sales, real adjusted | December | 1.1% | -2.6% | -9.6% |
| 07:00 | Germany | Retail sales, real unadjusted, y/y | December | 5% | 5% | 1.5% |
| 07:30 | Switzerland | Retail Sales (MoM) | December | -2% | 2.6% | |
| 07:30 | Switzerland | Retail Sales Y/Y | December | 1.8% | 4.7% |
During today's Asian trading, the US dollar rose slightly against the euro and stabilized against the yen.
The ICE dollar index, which tracks its performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.04%.
The ICE dollar index stabilized in January after falling 6% in 2020. At the same time, investors should take into account that net short positions in dollars, according to the Commodity Futures Trading Commission (CFTC), are at highs from 2017-2018. Closing even a small share of these positions will provoke a significant strengthening of the dollar.
The focus of traders ' attention is on negotiations on a new package of measures to support the US economy. A group of Republican senators invited US President Joe Biden, who previously presented a $1.9 trillion stimulus program, to discuss an alternative package of measures to support the economy of $600 billion.
Biden invited senators to the White House for a "full exchange of views" on the stimulus program, the White House press office said Sunday.
The Chinese yuan fell 0.56% against the dollar on the back of weak statistics. Business activity indices in both the industrial sector and the service sector in China declined in January due to a renewed increase in the incidence of COVID-19 on the eve of the Lunar New Year.
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