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- Asian session review: the euro strengthened against the US dollar and yen, the pound declined
Asian session review: the euro strengthened against the US dollar and yen, the pound declined
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | Australia | MI Inflation Gauge, m/m | March | 0.3% | ||
| 06:00 | Germany | Factory Orders s.a. (MoM) | February | 4.8% | -2.4% | -1.4% |
During today's Asian trading, the euro rose against the US dollar and the yen, the pound fell on reports of the hospitalization of the country's Prime Minister Boris Johnson, who was previously diagnosed with a coronavirus.
Johnson, who is being treated for the COVID-19 coronavirus, was taken to hospital on Monday night, British media reported. Johnson is expected to undergo medical tests and tests there.
The ICE index, which tracks the dollar's performance against six currencies (Euro, Swiss franc, yen, canadian dollar, pound sterling and Swedish Krona), rose 0.05%.
US President Donald Trump hopes that the US will be able to overcome the spread of COVID-19 in the country soon and not reach the previously predicted 100,000 deaths. "We are beginning to see light at the end of the tunnel and hope that in the near future we will be very proud of the work that we have all done," Trump said during a white house briefing.
Authorities in New York, the US state most affected by the virus, said on Sunday that for the first time in a week, the death rate fell slightly.
Meanwhile, James Bullard, the president of the Federal Reserve Bank of St. Louis, said that universal testing for the disease can support the economy in the face of an epidemic. According to him, this will allow people to "interact with each other with more confidence."
Bullard also noted that it is not necessary to compare the latest data on the American labor market with previous recessions, since the reduction in the number of jobs was the result of the actions of the authorities.
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