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- Asian session review: the US dollar was trading steadily against the euro
Asian session review: the US dollar was trading steadily against the euro
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:45 | France | Consumer confidence | June | 93 | 95 | 97 |
During today's Asian trading, the US dollar was almost unchanged against the euro and fell moderately against the yen.
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.03% compared to the previous day.
The recent strengthening of the dollar was due to the fear that a rapid economic recovery may not be possible due to the growth of new infections in the world and the strengthening of quarantine measures, which may become necessary.
Texas Governor Greg Abbott on Thursday announced the suspension of plans to lift quarantine measures due to a jump in the number of sick and hospitalized.
Meanwhile, Bank of Japan Governor Haruhiko Kuroda said he was ready to step up stimulus measures amid the risk of a second wave of the COVID-19 coronavirus pandemic. He also noted that as the negative impact of the virus eases, the country's economy will gradually recover, which will allow the Central Bank to return to its goal of achieving a 2 percent inflation rate.
Next week, the next round of negotiations between the UK and the European Union on a post-Brexit trade agreement will start. On Thursday, the EU Council noted that the transition period after the UK leaves the EU will end on December 31 this year, as London has not expressed its intention to extend it.
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