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- Asian session review: the US dollar fell slightly against the major currencies
Asian session review: the US dollar fell slightly against the major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | United Kingdom | Retail Sales (YoY) | August | 1.9% | 2.7% | 0% |
| 06:00 | United Kingdom | Retail Sales (MoM) | August | -2.8% | 0.5% | -0.9% |
During today's Asian trading, the US dollar declined against the euro, the pound and the australian dollar, but rose against the yen. However, the dollar index continues to remain close to the highest level in the last three weeks after data published on Thursday showed an unexpected increase in retail sales in the United States.
In August, retail sales increased by 0.7% compared to the previous month, the Ministry of Commerce reported. Analysts on average expected a decline of 0.8%.
In addition, the market is beginning to prepare for the meeting of the Federal Reserve System, which will be held next week. It is expected that the Fed leadership will announce the beginning of a gradual curtailment of the asset purchase program.
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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