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- Asian session review: the dollar fell against the euro, but rose against the yen
Asian session review: the dollar fell against the euro, but rose against the yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:00 | New Zealand | ANZ Business Confidence | May | -66.6 | -41.8 | |
| 01:30 | Australia | Private Capital Expenditure | Quarter I | -2.6% | -2.6% | -1.6% |
During today's Asian trading, the US dollar fell moderately against the euro and rose against the Japanese yen.
Support for the euro continues to be provided by optimism about the economic recovery plan after the coronavirus.
The European Commission on Wednesday presented an unprecedented plan to support the region's economy, providing a total of 750 billion euros in grants and loans to EU countries to recover from the crisis caused by the COVID-19 coronavirus pandemic.
European Commission President Ursula von der Leyen, who unveiled the plan at the plenary session of the European Parliament in Brussels, said that 500 billion euros of the total amount will be subsidies, and 250 billion euros - loans to EU countries. The program will be adopted only if it receives the approval of all EU countries.
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.21% compared to the previous trading day.
Growing tensions between the United States and China offset the optimism associated with the gradual opening of economies against the background of easing restrictions imposed due to the coronavirus pandemic.
Hong Kong no longer enjoys autonomy in relation to the Chinese authorities, US Secretary of State Mike Pompeo said.
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