• Asian session review: the US dollar consolidated against major currencies

Market news

20 August 2021

Asian session review: the US dollar consolidated against major currencies

TimeCountryEventPeriodPrevious valueForecastActual
06:00GermanyProducer Price Index (YoY)July8.5%9.2%10.4%
06:00GermanyProducer Price Index (MoM)July1.3%0.8%1.9%
06:00United KingdomPSNB, blnJuly-21.5-11.8-10.4
06:00United KingdomRetail Sales (MoM)July0.2%0.4%-2.5%
06:00United KingdomRetail Sales (YoY) July9.2%6%2.4%


During today's Asian trading, the US dollar was almost unchanged against the major currencies. 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 0.01% to 93.57 - this is the highest value since November 2020.

Traders are waiting for new signals from the Federal Reserve, believing that the chairman of the Fed, Jerome Powell, can give hints about when the reduction in the volume of repurchases will begin, during the annual economic symposium in Jackson Hole, which will be held next week.

The statistical data published on Thursday confirmed that the situation in the US labor market allows the Fed to start curtailing incentives. The number of new applications for unemployment benefits in the United States last week decreased by 29 thousand - to 348 thousand people, the lowest since the beginning of the pandemic, the US Department of Labor reported.

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