Market news
06.02.2020, 07:39

Asian session review: the US dollar traded steadily against the euro, but rose against the yen

Time Country Event Period Previous value Forecast Actual
00:30 Australia Trade Balance December 5.51 5.95 5.22
00:30 Australia Retail Sales, M/M December 1.0% -0.2% -0.5%
07:00 Germany Factory Orders s.a. (MoM) December -0.8% 0.6% -2.1%

During today's Asian trading, the US dollar was almost unchanged against the euro and rose against the yen. A day earlier, the US national currency rose in price due to positive statistics.

In particular, the growth in the number of jobs in the United States in January was 291,000., which is a record increase in 4.5 years, according to industry organization ADP Employer. The average forecast of analysts assumed a much less significant increase - by 155 thousand.

The ISM index of business activity in the us services sector in January increased to 55.5 points from 54.9 points in the previous month. Analysts on average expected an increase to just 55 points. The current value of the indicator is the maximum for five months.

Meanwhile, the President of the European Central Bank (ECB), Christine Lagarde, called the "Wuhan coronavirus" a new factor of uncertainty in the global economy. "While the threat of a trade war between the US and China seems to be easing, a new layer of uncertainty is adding to the coronavirus," she said during a speech in Paris. "Therefore, we continue to closely monitor these risks and their impact on our main economic development scenario."

However, the President of the Federal reserve Bank of San Francisco, Mary Daly, said that she does not yet see any real impact of the virus on the US economy.

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.

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