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- Asian session review: the US dollar stabilised against the euro and yen
Asian session review: the US dollar stabilised against the euro and yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 05:00 | Japan | Eco Watchers Survey: Current | June | 15.5 | 38.8 | |
| 05:00 | Japan | Eco Watchers Survey: Outlook | June | 36.5 | 44 | |
| 05:45 | Switzerland | Unemployment Rate (non s.a.) | June | 3.4% | 3.4% | 3.2% |
During today's Asian trading, the US dollar was almost unchanged against the euro and the yen.
This week, the President of the European Council, Charles Michel, plans to put forward his proposals to overcome differences between EU members on the economic recovery plan. EU leaders plan to discuss overcoming the crisis caused by the pandemic at a summit to be held on July 17-18.
The ICE index, which tracks the dynamics of the US dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.07%.
The head of the Federal reserve Bank of San Francisco, Mary Daly, said yesterday that the US unemployment data underestimates the economic damage caused by the coronavirus. Given that unemployment is at 11.1%, the Central Bank will have to take further measures to support the economy, said the head of the Federal reserve of Richmond, Thomas barkin.
Atlanta Fed Chairman Raphael Bostic warned that the US economic recovery, which began after the lifting of restrictive measures that were introduced to curb the spread of coronavirus infection, may stall due to an increase in the number of new infections in several major States.
Investors expect that on Wednesday, British Finance Minister Rishi Sunak will announce new measures of economic support, including the distribution of vouchers worth 500 pounds per adult and 250 pounds per child to increase spending in the most affected industries.
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