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- Asian session review: the US dollar fell against major world currencies
Asian session review: the US dollar fell against major world currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | New Zealand | ANZ Business Confidence | February | -13.2 | -7.9 | -19.4 |
| 00:30 | Australia | Private Capital Expenditure | Quarter IV | -0.4% | 0.4% | -2.8% |
The US dollar declined against the world's major currencies. The euro was boosted by reports that the German Finance Ministry is considering easing restrictions on government spending to maintain economic growth. At the same time, the yen is getting more expensive against the Euro.
Most currency pairs are traded in narrow ranges, as traders closely monitor the situation with the spread of the COVID-19 coronavirus outside of China.
US President Donald trump said yesterday that the country's authorities are ready for any scenarios with the coronavirus. "In any situation, we will be ready," he said. According to trump, the large-scale spread of the coronavirus in the country is not at all inevitable. "We are developing a vaccine quickly," he said.
"Markets are still making sense of the scale of the impact of coronavirus on the rise in global GDP and, more importantly, on revenue growth for many companies," said Nadia Lovell, an analyst at J. P. Morgan Private Bank.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.12% compared to the previous day.
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