• Asian session review: the dollar rose slightly against the major currencies

Market news

11 May 2021

Asian session review: the dollar rose slightly against the major currencies

TimeCountryEventPeriodPrevious valueForecastActual
01:30ChinaPPI y/yApril4.4%6.5%6.8%
01:30ChinaCPI y/yApril0.4%1%0.9%


During today's Asian trading, the US dollar rose against the yen and the pound, but fell against the euro and the australian dollar.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.10%.

The focus of the foreign exchange market this week is the April data on the dynamics of consumer prices in the United States, which will be released by the Labor Department on Wednesday at 12:30 GMT. The consensus forecast of experts provides for an acceleration of inflation in the United States in April to 3.6% in annual terms, compared with 2.6% in March.

Several factors point to an increase in inflation, including wage growth, budget incentives and higher commodity prices, experts say. The Federal Reserve Bank of New York's inflation expectations indicator rose to 3.4% in April, the highest since September 2013, from 3.2% in March.

Meanwhile, the president of the Federal Reserve Bank of Chicago, Charles Evans, said yesterday that the rate of inflation, as well as the level of employment in the United States, is far from the indicators at which the Fed could think about changing monetary policy.

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.