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- Asian session review: the US dollar stabilized against the euro, but declined against the yen
Asian session review: the US dollar stabilized against the euro, but declined against the yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Export Price Index, q/q | Quarter IV | 1.3% | -5.4% | -5.2% |
| 00:30 | Australia | Import Price Index, q/q | Quarter IV | 0.4% | 0% | 0.7% |
The US dollar is little changed against the euro and fell against the yen in trading on Thursday, as traders analyzed the results of the meeting of the us Federal reserve system (FRS).
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose 0.06% compared to the previous day.
The fed kept the Federal funds rate in the range of 1.5% to 1.75%, the Federal open market Committee (FOMC) said in a statement following the meeting . The FOMC's decision coincided with the forecasts of economists and market participants.
In addition, the fed raised the rate on excess Bank reserves (IOER) to 1.6% from 1.55% and the rate on reverse REPO operations to 1.5% from 1.45%.
The Federal reserve will continue to buy Treasury bills in the second quarter of 2020 and will conduct regular REPO operations until at least the end of April, the Central Bank said in a statement.
Fed Chairman Jerome Powell confirmed on Wednesday that the US economy is in good shape, noting, however, some doubts about its prospects due to the spread of a new coronavirus.
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