Market news

25 June 2020

Asian session review: the US dollar rose moderately against major currencies

TimeCountryEventPeriodPrevious valueForecastActual
04:30JapanAll Industry Activity Index, m/mApril-3.4% -6.4%
06:00GermanyGfk Consumer Confidence SurveyJuly-18.6-12-9.6


During the Asian session, the US dollar rose against major currencies on the back of growing demand for safe assets. This was due to the continued increase in the number of new coronavirus diseases in the United States. According to the latest estimates, the number of new daily cases of the virus in the United States has increased to 36,000. The value is almost near the record level of 36,426 cases recorded at the end of April. The percentage of positive results in testing is also growing. The governors of New York, New Jersey and Connecticut ordered tourists from nine other US States to be quarantined for 14 days upon arrival, as COVID-19 showed signs of a surge in the Southern and Western parts of the country.

While some investors expect that the economic impact of the second wave of infection infections may be less than that of the first, some market participants think that politicians may not respond decisively so as not to risk the state of the economy.

Additional concern in the markets was caused by the tension in trade relations between Washington and Brussels. News has emerged that the US is considering changing tariff rates on various European products. All this undermines hopes for a rapid recovery in the global economy and encourages investors to reduce their appetite for risky assets.

The canadian dollar continued to decline against the background of the downgrade of Canada's sovereign rating by Fitch to the level of "AA “from” AAA", citing the deterioration of the country's public finances in 2020 due to the COVID-19 pandemic.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2020 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. You may change your cookie consent or view our cookie declaration here.

TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.