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- Asian session review: the us dollar declined against the euro and yuan
Asian session review: the us dollar declined against the euro and yuan
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 05:00 | Japan | Leading Economic Index | September | 88.5 | 88.6 | 92.9 |
| 05:00 | Japan | Coincident Index | September | 79.4 | 79 | 80.8 |
| 06:45 | Switzerland | Unemployment Rate (non s.a.) | October | 3.2% | 3.3% | 3.2% |
| 07:00 | Germany | Current Account | September | 16.5 | 26.3 | |
| 07:00 | Germany | Trade Balance (non s.a.), bln | September | 11.9 | 20.8 |
During today's Asian trading, the US dollar fell against the euro, but rose against the yen.
Voting in the US presidential election took place on November 3. Most votes have already been counted, but official results will be announced later in November. Based on the available data, the leading American media predicted the victory of the candidate from the Democratic pariah Joe Biden. Biden also considers himself elected President of the United States, and many world leaders congratulated him on his success in the election.
Incumbent President Donald Trump, who tried to be re-elected for a second presidential term, did not recognize Biden's victory and intends to challenge the results of voting in several states in court.
Meanwhile, Chinese exports rose for the fifth consecutive month in October as global demand recovered from the crisis caused by the coronavirus pandemic and quarantine measures. Exports in dollar terms jumped by 11.4% relative to the same month last year to $237.18 billion, according to data from the Customs administration of China. Experts expected an increase of 9.3%.
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), fell by 0.06%.
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