- Asian session review: the dollar rose slightly against most currencies
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Asian session review: the dollar rose slightly against most currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 02:00 | China | Retail Sales y/y | July | 12.1% | 11.5% | 8.5% |
| 02:00 | China | Industrial Production y/y | July | 8.3% | 7.8% | 6.4% |
| 02:00 | China | Fixed Asset Investment | July | 12.6% | 11.3% | 10.3% |
| 04:30 | Japan | Industrial Production (YoY) | June | 21.1% | 23.0% | |
| 04:30 | Japan | Industrial Production (MoM) | June | -6.5% | 6.2% | 6.5% |
During today's Asian trading, the US dollar rose slightly against a basket of major currencies, but remains near a one-week low after a record fall in almost seven weeks on Friday. The sharp weakening of consumer confidence in the US has tempered expectations about the imminent curtailment of the Fed's stimulus measures.
A study published on Friday by the University of Michigan showed that consumer confidence has fallen to its lowest level since 2011 amid a rapid increase in the number of coronavirus cases.
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 0.08%.
The market is focused on data on retail sales in the United States, which will be published on Tuesday.
The New Zealand dollar fell 0.2% against the US dollar before the Reserve Bank of New Zealand meeting on Wednesday. Economists expect the first increase in the interest rate since 2014.
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