- Asian session review: The dollar was almost unchanged against world currencies
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Asian session review: The dollar was almost unchanged against world currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 05:00 | Japan | Eco Watchers Survey: Current | January | 34.3 | 31.2 | |
| 05:00 | Japan | Eco Watchers Survey: Outlook | January | 36.1 | 39.9 | |
| 06:45 | Switzerland | Unemployment Rate (non s.a.) | January | 3.5% | 3.7% | |
| 07:00 | Germany | Industrial Production s.a. (MoM) | December | 1.5% | 0.3% | 0% |
During today's Asian trading, the US dollar consolidated against global currencies, despite the rise in US bond yields.
US Treasury Secretary Janet Yellen said on Sunday that the US economy could return to full employment by the end of 2022 if the stimulus package proposed by President Joe Biden is adopted. "There is absolutely no reason why the economic recovery should be long and slow," Yellen said.
The yield on ten-year US Treasury bonds rose to 1.188% per annum, compared with 1.169% at the market close on Friday. An increase in interest rates on US Treasury bonds traditionally supports the dollar - the higher the rates, the more attractive the US currency is for buyers.
The focus of traders this week is on US inflation data for January, which will be released by the Labor Department on Wednesday. Inflation in the country is expected to have increased to 1.5% year-on-year from 1.4% in December.
The ICE Dollar index, which shows the value of the US dollar against the six major world currencies, fell 0.02% to 91.02
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