- Asian session review: the dollar declined against major currencies
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Asian session review: the dollar declined against major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Wage Price Index, y/y | Quarter IV | 1.4% | 1.1% | 1.4% |
| 00:30 | Australia | Wage Price Index, q/q | Quarter IV | 0.1% | 0.3% | 0.6% |
| 00:30 | Australia | Construction Work Done | Quarter IV | -1.8% | 1% | -0.9% |
| 01:00 | New Zealand | RBNZ Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 02:00 | New Zealand | RBNZ Press Conference | ||||
| 07:00 | Germany | GDP (YoY) | Quarter IV | -4% | -3.9% | -3.7% |
| 07:00 | Germany | GDP (QoQ) | Quarter IV | 8.5% | 0.1% | 0.3% |
During today's Asian trading, the dollar fell slightly against the euro, but rose against the yen after the speech of US Federal Reserve Chairman Jerome Powell to the Senate Banking Committee.
Powell said yesterday that the regulator will maintain a soft monetary policy until the US economy fully recovers from the effects of the crisis. "We are still far from our employment and inflation targets," he said.
The Federal Open Market Committee (FOMC) will continue to stick to ultra-loose monetary policy for some time, despite the improved growth prospects for the US economy, analysts say.
Meanwhile, consumer prices in the euro zone in January 2021 increased by 0.9% in annual terms, the Statistical Office of the European Union reported yesterday. Inflation was the highest since February 2020. Compared to December, consumer prices in the region increased by 0.2%.
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.12%.
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