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- Asian session review: the US dollar traded steadily against the euro and the yen
Asian session review: the US dollar traded steadily against the euro and the yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | RBA Monetary Policy Statement | ||||
| 05:00 | Japan | Leading Economic Index | December | 90.8 | 90.8 | 91.6 |
| 05:00 | Japan | Coincident Index | December | 94.7 | 95.9 | 94.7 |
| 07:00 | Germany | Current Account | December | 24.1 | 22 | 29.4 |
| 07:00 | Germany | Industrial Production s.a. (MoM) | December | 1.1% | -0.2% | -3.5% |
| 07:00 | Germany | Trade Balance (non s.a.), bln | December | 18.3 | 15.2 |
During today's Asian trading, the US dollar has changed slightly against the Euro and the yen. The Chinese currency, meanwhile, fell against the dollar and the Euro.
Support for the dollar continued to be provided by yesterday's data from the us Department of labor, which showed that the number of initial applications for unemployment benefits fell by 15,000 last week., up to 202,000. This was the lowest level since mid-April.
At the same time, labor productivity in the United States increased by 1.4% in the fourth quarter of 2019. Experts predicted a 1.6% increase in labor productivity in the fourth quarter.
The yuan fell against the dollar ahead of the release of Chinese data on foreign trade and international reserves for January. In addition, Chinese President XI Jinping and US President Donald trump confirmed their commitment to the first phase of the trade deal in a telephone conversation.
The focus remains on the coronavirus outbreak in China. As of 00: 00 hours local time on Friday, the number of cases of pneumonia caused by a new type of coronavirus was 31,161 people, the fatal outcome was recorded in 636 cases, the state Committee of China for health Affairs reported.
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