- European session review: USD edges higher amid lingering growth concerns
Market news
20 July 2021
European session review: USD edges higher amid lingering growth concerns
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | Germany | Producer Price Index (YoY) | June | 7.2% | 8.4% | 8.5% |
| 06:00 | Germany | Producer Price Index (MoM) | June | 1.5% | 1.1% | 1.3% |
| 08:00 | Eurozone | Current account, unadjusted, bln | May | 30.6 | 4.3 |
USD appreciates against other major currencies in the European session on Tuesday as concerns about growing COVID-19 Delta-variant infection rates raised questions about global growth prospects.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.14% to 93.02, being marginally below its 3-1/2-month high of 93.03 that was pegged in overnight trading.
The world’s major economies have continued to record persistently high Delta-variant infection rates. Investors remain worried that increasing infections will trigger the reintroduction of new restrictions that can hurt the global economic recovery.
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 disclaimerOpen Demo Account & Personal Page