Market news
09.07.2021, 07:20

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

TimeCountryEventPeriodPrevious valueForecastActual
01:30ChinaPPI y/yJune9%8.8%8.8%
01:30ChinaCPI y/yJune1.3%1.3%1.1%
06:00United KingdomManufacturing Production (MoM) May0%1%-0.1%
06:00United KingdomManufacturing Production (YoY)May39.1%29.5%27.7%
06:00United KingdomIndustrial Production (YoY)May27.2%21.6%20.6%
06:00United KingdomIndustrial Production (MoM)May-1%1.5%0.8%
06:00United KingdomGDP m/mMay2%1.5%0.8%
06:00United KingdomGDP, y/yMay27.4%25.9%24.6%


During today's Asian trading, the US dollar rose slightly against major world currencies amid growing concern about the global economic recovery after the COVID-19 pandemic.

The Japanese government has decided to introduce a state of emergency in Tokyo for the period of the Olympic Games due to the deteriorating situation with the spread of COVID-19. Earlier, the authorities wanted to limit themselves to milder restrictive measures in Tokyo, but there is an increase in the incidence of coronavirus in the capital of the country.

The spread of new strains of coronavirus and the possible impact of this on the development of the global economy have a negative impact on investors ' appetite for risk, experts say.

Meanwhile, the European Central Bank (ECB) on Thursday published the official results of the revision of the monetary policy strategy, changing the inflation target. The regulator said in a statement that the ECB considers that the best way to maintain price stability is to aim for the inflation target of 2% in the medium term. At the same time, the regulator notes that the inflation target is symmetrical. This means that deviations from the target indicator in the positive or negative direction are undesirable.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose by 0.1%.

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