• Asian session review: the dollar was almost unchanged against the euro and yen.

Notícias do Mercado

15 maio 2020

Asian session review: the dollar was almost unchanged against the euro and yen.

Time Country Event Period Previous value Forecast Actual
02:00 China Retail Sales y/y April -15.8% -7% -7.5%
02:00 China Industrial Production y/y April -1.1% 1.5% 3.9%
02:00 China Fixed Asset Investment April -16.1% -10% -10.3%
06:00 Germany Producer Price Index (YoY) April -0.8% -1.8% -1.9%
06:00 Germany Producer Price Index (MoM) April -0.8% -0.6% -0.7%
06:45 France CPI, y/y April 0.7% 0.4% 0.3%
06:45 France CPI, m/m April 0.1% 0.1% 0%


During today's Asian trading, the US dollar changed slightly against the euro and yen after strengthening at the end of the previous session on the statements of US President Donald Trump that the United States needs a strong dollar to support the recovery of the economy after the current crisis.

In the summer of 2019, Trump's statements that too strong a dollar puts pressure on American companies and the economy, putting them at a disadvantage, caused traders to fear that the US may resort to intervention in the foreign exchange market in order to weaken the dollar.

The sharp change in Trump's position may indicate his recognition that fighting the market is a waste of time, experts say.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.12%.

On signals that the Bank of England does not exclude the possibility of reducing the base rate to a negative level, the pound fell by 0.27% against the US dollar.

During a webinar organized by the Financial Times, the head of the Bank of England, Andrew Bailey, said that he considers it wise "never to rule anything out" when asked about the possibility of negative rates.

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