- Asian session review: the dollar declined slightly against the major currencies
Market news
Asian session review: the dollar declined slightly against the major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | Changing the number of employed | April | 77 | 15 | -30.6 |
| 01:30 | Australia | Unemployment rate | April | 5.6% | 5.6% | 5.5% |
| 06:00 | Germany | Producer Price Index (MoM) | April | 0.9% | 0.8% | 0.8% |
| 06:00 | Germany | Producer Price Index (YoY) | April | 3.7% | 5.1% | 5.2% |
During today's Asian trading, the US dollar declined slightly against the major currencies, as market participants continued to analyze the minutes of the Federal Reserve meeting.
The leaders of the Fed during the April meeting expressed cautious optimism about the prospects for the US economy, and some of them noted the need to discuss the possibility of reducing support measures in the event of further improvement of the situation, according to the minutes of the meeting.
"Several participants in the meeting noted that if the US economy continues to move quickly towards the goals set by the Federal Reserve, it will be necessary at some point in the upcoming meetings to start discussing a plan to adjust the volume of asset repurchases," the minutes of the meeting showed.
"This is the first hint of tightening, but the process will be gradual. All statements are made with reservations. The Fed leaves plenty of room for maneuver," analysts at Charles Schwab said.
The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.13%.
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