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- Asian session review: the euro rose slightly against the dollar, the yen fell
Asian session review: the euro rose slightly against the dollar, the yen fell
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Wage Price Index, q/q | Quarter IV | 0.5% | 0.5% | 0.5% |
| 00:30 | Australia | Wage Price Index, y/y | Quarter IV | 2.2% | 2.2% | 2.2% |
The US dollar fell slightly against the euro after a jump in the previous session on signals that the spread of the coronavirus has a significant impact on global manufacturing activity and economic growth.
Concerns about the possible effects of the coronavirus on the global economy have supported the dollar and yen recently. However, signals that the epidemic was easing in China on Wednesday caused the yen to fall against all major world currencies.
The yen is cheaper as "traders' sentiment towards risky assets is improving along with a slowdown in the number of new cases in China," said Kyosuke Suzuki, an analyst at Societe Generale's Tokyo division .
In China, as of 00:00 local time on Wednesday (19:00 Moscow time on Tuesday), the number of cases of pneumonia caused by the Covid-19 coronavirus was 74.185 thousand people, the fatal outcome was recorded in 2.004 thousand cases, the state health Committee of China reported.
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