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- Asian session review: the US dollar rose moderately against major currencies
Asian session review: the US dollar rose moderately against major currencies
During today's Asian trading, the dollar strengthened against the euro, the pound and the yen, while investors are waiting for the publication of a number of macroeconomic statistics, in particular on US inflation.
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 0.21%.
Investors expect the publication of a number of reports on the United States during the current week. The focus is on the inflation data, which will be released on Tuesday. Analysts expect that annual inflation slowed to 5.3% in August from 5.4% a month earlier.
Later in the week, data on industrial production and retail sales will also be released, on Wednesday and Thursday, respectively. Experts note that the data may clarify the situation regarding the economic situation in the United States.
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