Market news

29 May 2020

Asian session review: the dollar declined against most major currencies

TimeCountryEventPeriodPrevious valueForecastActual
01:30AustraliaPrivate Sector Credit, y/yApril3.6% 3.6%
01:30AustraliaPrivate Sector Credit, m/mApril1.1% 0.0%
05:00JapanHousing Starts, y/yApril-7.6%-12.1%-12.9%
05:00JapanConsumer ConfidenceMay21.6 24.0
06:00GermanyRetail sales, real adjusted April-5.6%-12%-5.3%
06:00GermanyRetail sales, real unadjusted, y/yApril-2.8%-14.3%-6.5%
06:45FranceConsumer spending April-16.9%-15%-20.2%
06:45FranceCPI, m/mMay0%0.1%0%
06:45FranceCPI, y/yMay0.3%0.3%0.2%
06:45FranceGDP, q/qQuarter I-0.1%-5.8%-5.3%
07:00SwitzerlandKOF Leading IndicatorMay59.77053.2


During today's Asian trading, the US dollar fell against most of the world's major currencies.

Traders ' attention is focused on relations between Washington and Beijing, which have seriously deteriorated after China's decision to create its own national security law for Hong Kong. US President Donald Trump promised on Friday to announce measures that Washington will take against China in response to the country's attempt to strengthen control over Hong Kong. Traders fear that the United States will return some of the duties for Chinese goods that were canceled earlier, experts said.

The ICE index, which tracks the dynamics of the US dollar against six currencies (Euro, Swiss franc, yen, canadian dollar, pound sterling and Swedish Krona), fell by 0.1%.

Statistics released today indicated a smaller-than-expected decline in retail sales in Germany in April.

The indicator decreased by 5.3% compared to the previous month, the Federal statistical agency reported. The decline slowed from the 5.6% drop in March, which was the most significant since January 2007. The consensus forecast of experts provided for sales in April by 12%.

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