Market news
22.04.2021, 07:19

Asian session review: the US dollar declined slightly against the major currencies

TimeCountryEventPeriodPrevious valueForecastActual
06:00SwitzerlandTrade BalanceMarch3.4 3.9


During today's Asian trading, the US dollar fell slightly against the world's major currencies.

The ICE Dollar index, which shows the value of the US dollar against the six major world currencies, fell by 0.11%.

The focus of traders ' attention is the meeting of the European Central Bank( ECB), the results of which will be announced today at 11:45 GMT. Experts believe that the ECB will refrain from changing the parameters of monetary policy and will confirm its commitment to the current rate against the background of a slow recovery in the eurozone economy.

Investors are waiting for comments from ECB President Christine Lagarde in the hope of getting an indication of what the regulator intends to do with the emergency program of asset repurchase Pandemic Emergency Purchase Program (PEPP) after June.

Talk of a possible curtailment of central bank asset purchases has helped the euro rise this week, and Lagarde may try to curb that speculation . According to analysts at TD Securities, the euro may rise, albeit slightly, against the dollar, if the ECB gives an optimistic assessment of the prospects for the euro zone economy.

Later on Thursday, the US will release data on the number of initial applications for unemployment benefits, as well as data on home sales on the secondary market in March.

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