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Asian session review: the US dollar fell against the yen on the news about Trump

TimeCountryEventPeriodPrevious valueForecastActual
01:30AustraliaRetail Sales, M/MAugust3.2%-4.2%-4%
05:00JapanConsumer ConfidenceSeptember29.3 32.7

During today's Asian trading, the US dollar began to fall sharply against the yen after US President Donald Trump announced that the results of tests for COVID-19 taken from him and his wife showed a positive result.

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), rose 0.02%.

Investors continue to monitor the process of adopting a new package of measures to support the US economy. The U.S. house of representatives on Thursday approved a $2.2 trillion stimulus package proposed by Democrats, despite a lack of agreement with the administration of Donald Trump.

Meanwhile, data from the Japanese Ministry of internal Affairs and communications showed that unemployment in Japan rose to 3% in August from 2.9% a month earlier and reached the highest level since may 2017. The indicator coincided with analysts ' expectations.

Today, investors are waiting for the publication of preliminary data on changes in consumer prices in the Euro zone in September, as well as data from the US Department of labor on the unemployment rate in the country in September.

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