• Asian session review: the US dollar fell against the euro and yen

Notícias do Mercado

24 março 2020

Asian session review: the US dollar fell against the euro and yen

Time Country Event Period Previous value Forecast Actual
00:30 Japan Manufacturing PMI March 47.8 44.8
00:30 Japan Nikkei Services PMI March 46.8 32.7
05:00 Japan Leading Economic Index January 91.0 90.3 90.5
05:00 Japan Coincident Index January 94.4 94.7 95.2


During today's Asian trading, the US dollar fell against the euro, the yen, and the currencies of Asian emerging markets on the background of the actions of the Federal reserve system, which announced large-scale quantitative easing.

The Fed announced yesterday that it will buy back government bonds on a virtually unlimited scale, as well as launch a number of new business lending programs. The measures taken by the Fed, as expected in the Central Bank, "will support a wide range of markets and institutions, thereby supporting the flow of loans to the economy."

The Fed also promised that it "will continue to use the full range of tools to maintain the flow of credit to households and companies."

The Fed's willingness to do almost everything possible to mitigate the negative effects of the coronavirus pandemic on the American economy has led to a significant increase in investor interest in risk. In addition, the Fed's swap lines with a number of Central banks in other countries ensure the availability of dollars abroad, experts say .

The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound and swedish krona), fell 0.95%.

O foco de mercado
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 disclaimer
Abrir Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: