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- Asian session review: the dollar fell against the yen and stabilized against the euro
Asian session review: the dollar fell against the yen and stabilized against the euro
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | OPEC | OPEC Meetings | ||||
| 00:30 | Australia | Trade Balance | January | 5.38 | 4.8 | 5.21 |
During today's Asian trading, the us dollar declined against the Japanese yen and was almost unchanged against the euro.
The yield on 10-year US government bonds is just above 1%, while futures point to a 50% chance that the fed will cut the interest rate by another 50 basis points by July.
The yen strengthened amid significant concerns about the increasing effects on the economy at the outbreak of the coronavirus.
China's National Health Commission said there were 139 additional new cases and 31 deaths as of Wednesday - all of the fatalities occurred in Hubei province, the epicenter of the outbreak.
South Korea reports 438 new cases and 3 additional deaths, bringing the nationwide total number of infections to 5,766.
California declared a state of emergency after a coronavirus-related death in the state, where there are at least 53 confirmed cases.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, rose by 0.01% compared to the previous day.
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