Market news
13.07.2021, 07:21

Asian session review: the US dollar consolidated against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
01:30AustraliaNational Australia Bank's Business ConfidenceJune20 11
03:00ChinaTrade Balance, blnJune45.5444.251.53
06:00GermanyCPI, y/y June2.5%2.3%2.3%
06:00GermanyCPI, m/mJune0.5%0.4%0.4%
06:00United KingdomBOE Financial Stability Report    
06:30SwitzerlandProducer & Import Prices, y/yJune3.2% 2.9%
06:45FranceCPI, y/yJune1.4%1.5%1.5%
06:45FranceCPI, m/mJune0.3%0.2%0.1%


During today's Asian trading, the US dollar was trading steadily against most major currencies after rising at the end of the previous session on the background of data on inflation expectations in the US.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.04%.

The expectations of the population regarding the level of inflation in the United States in a year jumped in June to the highest in almost a decade, according to data from the Federal Reserve Bank of New York.

According to the results of the consumer expectations survey conducted by the Federal Reserve Bank of New York, the average estimate of inflation expected in a year rose to 4.8% in June, the highest value for all time since 2013, compared with 4% in the previous month. The value of inflation expected in three years remained at 3.6%, the study says.

Inflation in the US has accelerated in recent months due to the consequences of the coronavirus pandemic, which the Federal Reserve System mainly considers "temporary".

The Chinese yuan rose slightly against the US dollar on the background of data on China. China in June increased exports by 32.2% compared to the same month last year - to $281.42 billion, according to the data of the General Customs Administration.

The growth continued for the twelfth month, while the rate of increase accelerated compared to 27.9% in May. The volume of imports last month increased by 36.7% and amounted to $229.89 billion. This is lower than the May figure of 51.1%, which was the highest in a decade. Experts on average expected an increase in the first indicator by 23.1%, the second - by 30%.

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