- Asian session review: the US dollar rose against most currencies
Market news
Asian session review: the US dollar rose against most currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:30 | Australia | Construction Work Done | Quarter II | 2.4% | 2.5% | 0.8% |
| 05:00 | Japan | Leading Economic Index | June | 102.6 | 104.1 | |
| 05:00 | Japan | Coincident Index | June | 92.1 | 94.5 |
During today's Asian trading, the US dollar rose against the euro, the pound and the yen.
The focus of the market this week is the annual economic symposium in Jackson Hole, where Federal Reserve Chairman Jerome Powell will speak. Investors are waiting for signals from him about when the US Central Bank intends to start curtailing the asset repurchase program.
The symposium will be held on August 26-28. In addition to Powell, representatives of central banks and finance ministries of various countries, scientists, representatives of the banking sector and business will take part in it.
The yields of long-term US Treasuries rose yesterday, and this factor supports the US currency: the higher the interest rates, the more attractive the dollar is for buyers.
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 0.12%.
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