Market news
25.06.2021, 07:20

Asian session review: the dollar declined slightly against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
06:00GermanyGfk Consumer Confidence SurveyJuly-6.9-4-0.3

During today's Asian trading, the US dollar declined against the euro and the japanese yen, but rose against the pound.

Analysts note an improvement in investors' appetite for risk due to the achievement of a bipartisan agreement between US congressmen on a large-scale package of measures to modernize infrastructure.

US President Joe Biden announced on Thursday that the Democratic and Republican senators had a "really good meeting", at which they eventually managed to reach an agreement.

Earlier, The Wall Street Journal reported that representatives of a bipartisan group of US lawmakers discussing a $1 trillion infrastructure spending plan have agreed on the general principles of the deal and plan to meet with US President Joe Biden on Thursday to try to conclude an agreement.

The last round of negotiations focused on the financing of the package of measures, which provides incentives totaling $973 billion over five years or $1.25 trillion over eight years.

The pound continued yesterday's decline against the US dollar. Following the results of the June meeting, the Bank of England kept the base interest rate at 0.1%, and also decided to leave the volume of the asset repurchase program at the level of 895 billion pounds, including the repurchase of government bonds in the amount of 875 billion pounds. According to analysts, the pound fell in price against the background of the absence of "hawkish" statements of the regulator.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.10%.

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