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- Asian session review: the US dollar rose against most currencies
Asian session review: the US dollar rose against most currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 05:00 | Japan | Coincident Index | August | 78.3 | 79.4 | 79.2 |
| 05:00 | Japan | Leading Economic Index | August | 86.7 | 88.8 | 88.4 |
During today's Asian trading, the US dollar strengthened against most of the world's major currencies.
Demand for the dollar, as well as other "safe haven" assets, is rising due to the growing incidence of COVID-19 in the United States and Europe, with weak hopes for the adoption of a new stimulus package in the States before the November presidential election.
This week, the market is focused on the meetings of the European Central Bank (ECB) and the Bank of Japan, as well as data on the dynamics of US GDP for the third quarter.
House speaker Nancy Pelosi said Sunday that the House of representatives may pass a new stimulus package of about $2 trillion this week, but it is not known whether the Senate is ready to approve it. "We want the package to be adopted as quickly as possible, and therefore we are making concessions," Pelosi said.
Meanwhile, White house chief of staff Mike Meadows accused Pelosi of constantly " changing the rules of the game." "We continue to make one offer after another, and Nancy Pelosi continues to change the rules of the game," he said.
The ICE index, which tracks the dynamics of the US dollar against six currencies (Euro, Swiss franc, yen, canadian dollar, pound sterling and Swedish Krona), rose 0.17%.
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