- Analytics
- News and Tools
- Market News
- Asian session review: the US dollar rose against the euro and the yen
Asian session review: the US dollar rose against the euro and the yen
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 01:00 | New Zealand | RBNZ Interest Rate Decision | 1% | 1% | 1% | |
| 01:00 | New Zealand | RBNZ Rate Statement | ||||
| 02:00 | New Zealand | RBNZ Press Conference | ||||
| 06:00 | Japan | Prelim Machine Tool Orders, y/y | January | -33.5% | -35.6% |
The US dollar strengthened slightly against the euro, the yen fell in price due to some weakening of demand for safe haven assets on signals of a slowdown in the spread of the Chinese coronavirus.
Powell, who presented a semiannual monetary policy report to the house financial services Committee on Tuesday, said the spread of the coronavirus would have implications for the Chinese economy in the first quarter of 2020 and possibly for the American economy. According to him, it is too early to draw conclusions about whether the epidemic will lead to sustainable and significant changes in the US economy. "We can't assess the economic consequences right now, "he said, adding that "China has taken very serious measures to combat the coronavirus."
The Fed's report, published last Friday, noted that the decline in China as a result of the coronavirus epidemic could spread to the States and global markets "by reducing risk appetite, strengthening the US dollar, as well as reducing trade volumes and commodity prices."
In China, as of 00:00 hours local time on Wednesday, the number of cases of pneumonia caused by the coronavirus was 44,653 thousand people, the fatal outcome was recorded in 1,113 thousand cases, the state health Committee of China reported.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
