- Asian session review: the dollar has stabilized against major currencies
Market news
Asian session review: the dollar has stabilized against major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Trade Balance | January | 7.133 | 6.5 | 10.142 |
| 00:30 | Australia | Retail Sales, M/M | January | -4.1% | 0.6% | 0.5% |
| 05:00 | Japan | Consumer Confidence | February | 29.6 | 33.8 |
During today's Asian trading, the US dollar consolidated against the euro and the yen.
Investors continue to watch the change in the yield of US Treasury bonds. The day before, the yield on ten-year US Treasuries rose by 8 basis points to 1.485%. On Thursday, it is about 1.457%.
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose by 0.07%.
Today, investors are waiting for the publication of data from the US Department of Labor on the number of applications for unemployment benefits last week, as well as a speech by the head of the US Federal Reserve System Jerome Powell. The U.S. Department of Labor will also release data on labor productivity and labor costs in the fourth quarter.
In addition, the European Union will release data on retail sales and unemployment in January.
On the eve of the British Finance Minister Rishi Sunak presented a new package of measures totaling 65 billion pounds, which should help the country's economy recover from the crisis caused by the coronavirus pandemic.
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