Market news

11 June 2021

Asian session review: the dollar fell slightly against most currencies

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomManufacturing Production (MoM) April2.1%1.5%-0.3%
06:00United KingdomManufacturing Production (YoY)April4.8%41.8%39.7%
06:00United KingdomIndustrial Production (YoY)April3.6%30.5%27.5%
06:00United KingdomIndustrial Production (MoM)April1.8%1.2%-1.3%
06:00United KingdomTotal Trade BalanceApril-2 -0.9
06:00United KingdomGDP m/mApril2.1%2.2%2.3%
06:00United KingdomGDP, y/yApril1.4%27.6%27.6%


During today's Asian trading, the US dollar declined against the euro and rose slightly against the yen after the publication of the US inflation report in May.

Consumer prices in the United States in May jumped by 5% compared to the same month last year, according to data from the Ministry of Labor. The rate of inflation accelerated from 4.2% in April and was the highest in more than 12 years-since August 2008. Analysts had forecast a 4.7% rise in May.

Meanwhile, the European Central Bank (ECB) did not change the parameters of monetary policy following the June meeting. At the same time, the regulator improved the forecast for GDP growth in the euro zone in 2021 to 4.7% from 4.1%. The inflation forecast for this year was raised to 1.9% from 1.5%.

The pound traded steadily against the dollar and fell against the euro. Pressure on the pound is exerted by the news that London and Brussels could not agree on the implementation of the protocol on Northern Ireland, which is part of the Brexit deal.

In addition, in the UK on Wednesday, 7.54 thousand new cases of coronavirus infection were recorded - the maximum daily increase since the end of February. The deterioration of the epidemiological situation may lead to a delay in the removal of the lockdown in the country, which is scheduled for June 21.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.07%.

Open 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. 75.42% 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.

© 2011-2021 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. Telerade-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.

Telerade-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. 75.42% 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.