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- Asian session review: the dollar declined slightly against the euro
Asian session review: the dollar declined slightly against the euro
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Retail Sales, M/M | October | -1.1% | 1.6% | 1.4% |
| 07:00 | Germany | Factory Orders s.a. (MoM) | October | 1.1% | 1.5% | 2.9% |
During today's Asian trading, the US dollar declined slightly against the euro and rose against the japanese yen.
House speaker Nancy Pelosi and Senate Republican majority leader Mitch McConnell held talks amid congressional efforts to reach an agreement on aid measures and avoid a government shutdown. Earlier on Thursday, McConnell said he sees "encouraging signs" that the parties will be able to reach an agreement before the end of the year.
This week, a group of congressmen from both parties proposed a new $908 billion stimulus package. On Wednesday, Pelosi and Senate democratic minority leader Chuck Schumer called on McConnell to use the proposal as a basis for negotiations.
US President Donald Trump has promised to sign a package of measures to support the economy in connection with the pandemic, if Congress has time to agree on it before the end of the current convocation.
Meanwhile, the Wall Street Journal reported, citing a source familiar with the situation, that Pfizer Inc. will be able to produce 50 million doses of the COVID-19 vaccine by the end of 2020 instead of the planned 100 million due to problems with the supply of the necessary substances.
The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.07%.
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