Market news
08.07.2021, 07:21

Asian session review: the US dollar rose slightly against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
02:30AustraliaRBA's Governor Philip Lowe Speaks    
05:00JapanEco Watchers Survey: OutlookJune47.6 52.4
05:00JapanEco Watchers Survey: Current June38.1 47.6
05:45SwitzerlandUnemployment Rate (non s.a.)June3.1%2.9%2.8%
06:00GermanyCurrent Account May21 13.1
06:00GermanyTrade Balance (non s.a.), blnMay15.2 12.3

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

The minutes of the June meeting of the Federal Reserve System (Fed), published yesterday, showed that some of the Fed leaders see the possibility of an earlier-than-expected reduction in the volume of stimulus by the Fed against the background of rapid growth in economic activity in the United States.

"Various participants of the meeting noted that in the light of the latest statistical data, the conditions set by the Fed in order for it to begin reducing the volume of asset repurchases will be created somewhat earlier than expected at previous meetings," the minutes showed.

Other participants, however, noted that the weaker-than-expected May data on the US labor market require the Fed to be patient in planning the next steps. In general, the leaders of the Fed during the meeting on June 15-16 came to the conclusion that progress in moving towards the goals of the Central Bank is still insufficient, although it will continue.

Meanwhile, data published yesterday by the US Department of Labor showed that the number of open vacancies in the country in May reached another record - 9.21 million. The indicator of open vacancies has been breaking records for three months in a row, which indicates a huge demand for labor resources against the background of growing economic activity in the country.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.06%.

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