• Asian session review: the dollar declined against the euro and yen

Notícias do Mercado

14 abril 2020

Asian session review: the dollar declined against the euro and yen

Time Country Event Period Previous value Forecast Actual
01:30 Australia National Australia Bank's Business Confidence March -4 -66
03:00 China Trade Balance, bln March -7.09 18.55 19.9


During today's Asian trading, the US dollar fell against the euro and yen, and the chinese yuan strengthened against the US currency after the publication of stronger-than-expected data on China's foreign trade for March.

The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.09% in trading.

The focus of traders ' attention remains the COVID-19 coronavirus pandemic and the measures taken by authorities around the world to limit its spread, as well as to support the economy.

Investors fear that the return of the global economy to growth after the lifting of restrictions will be long and painful.

While in Europe, the growth of the disease is beginning to slow down, in the United States, the peak of the epidemic has not yet been reached.

March data from the General customs administration indicated a less significant than expected reduction in both exports and imports. This suggests that the fall in China's GDP in the first quarter will be less significant than expected.

Thus, exports in dollar terms decreased by 6.6% compared to the same month of the previous year, imports - by 0.9%. In January-February, the volume of Chinese exports fell by 17.2%, and imports-by 4%. Experts on average predicted a 14% drop in exports in March and a 9.5% drop in imports.

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: