• Asian session review: the dollar was trading steadily against most currencies

Market news

6 August 2021

Asian session review: the dollar was trading steadily against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
01:30AustraliaRBA Monetary Policy Statement    
05:00JapanLeading Economic Index June102.6 104.1
05:00JapanCoincident IndexJune92.1 94.0
06:00United KingdomHalifax house price indexJuly-0.6% 0.4%
06:00United KingdomHalifax house price index 3m Y/YJuly8.7% 7.6%
06:00GermanyIndustrial Production s.a. (MoM)June-0.8%0.5%-1.3%
06:45FranceNon-Farm PayrollsQuarter II0.5% 1.2%
06:45FranceTrade Balance, blnJune-6.59 -5.82
07:00Switzerland Foreign Currency ReservesJuly941.1 923.24


During today's Asian trading, the US dollar consolidated the euro and the yen.

Traders are focused on the July data on unemployment in the United States, which will be published by the Ministry of Labor at 12:30 GMT. According to analysts, the number of jobs in the economy increased by 845 thousand last month, and the unemployment rate fell from 5.9% to 5.7%.

These data have real significance after the "hawkish" comments of the deputy chairman of the Federal Reserve System Richard Clarida this week.

According to data published on Thursday, the number of Americans who applied for unemployment benefits for the first time decreased by 14 thousand last week - to 385 thousand people. This is the minimum level for a month.

According to Clarida, the situation on the US labor market will continue to improve, and inflation will remain above 2%, as a result of which "the necessary conditions for the Fed to raise the rate will be created by the end of 2022," and this will pave the way for its rise from the current level of 0-0.25% per annum in 2023.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.05%.

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