Market news
24.12.2020, 08:02

Asian session review: the dollar fell against the pound amid hopes for a deal between the UK and the EU

TimeCountryEventPeriodPrevious valueForecastActual
00:00JapanBOJ Governor Haruhiko Kuroda Speaks    


During today's Asian trading, the US dollar fell against the euro, stabilized against the yen amid weakening demand for safe haven assets after reports about the prospect of a post-Brexit agreement between the UK and the European Union.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.23%.

Market participants hope that the UK and the EU will sign an agreement before Christmas, the growth of confidence puts pressure on the US national currency, experts say, CMC Markets.

European media yesterday reported with references to diplomatic sources about the approach of the UK and the EU to the successful completion of negotiations and alleged concessions from the British side, in particular, on fishing, although no official information from the EU institutions was received.

Investors did not seem to react to US President Donald Trump's remarks about new stimulus measures. Trump called the new fiscal stimulus package a "disgrace" and expressed his desire for the U.S. Congress to amend the COVID-19 pandemic relief bill and increase payments to Americans and small businesses.

U.S. lawmakers this week agreed on a new $900 billion program to support the economy, including direct payments to citizens in the amount of $600.

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