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- Asian session review: the US dollar traded stable against the euro
Asian session review: the US dollar traded stable against the euro
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | RBA Meeting's Minutes | ||||
| 06:00 | Germany | Producer Price Index (YoY) | September | -1.2% | -1.4% | -1% |
| 06:00 | Germany | Producer Price Index (MoM) | September | 0% | -0.1% | 0.4% |
In today's Asian trading, the US dollar traded without significant fluctuations against the euro and the Japanese yen. Investors continue to follow the news regarding the approval of new economic incentives in the United States.
House speaker Nancy Pelosi on Saturday night called on the White house to reach an agreement on the remaining outstanding issues within 48 hours. Pelosi and US Treasury Secretary Steven Mnuchin were scheduled to hold regular discussions on Monday.
Meanwhile, The Washington Post reported, citing sources, that a deal between Pelosi and the administration of US President Donald Trump does not "sound like an imminent one."
The People's Bank of China (PBOC) has kept its benchmark loan interest rate (LPR) unchanged for the sixth consecutive month as the economy continues to recover from the crisis caused by the coronavirus pandemic. The annual LPR is left at 3.85% per annum. The last time this rate was lowered in April this year.
The Australian dollar is declining. The Reserve Bank of Australia discussed the possibility of additional monetary easing to support the labor market and the economy as a whole, according to the minutes of the October meeting of the RBA.
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 0.03%.
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