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Asian session review: the dollar rose slightly against the euro and yen

TimeCountryEventPeriodPrevious valueForecastActual
06:00GermanyGfk Consumer Confidence SurveyNovember-1.7-2.8-3.1


During today's Asian trading, the US dollar rose slightly against the euro, yen and pound. Demand for riskier currencies was boosted by optimism about a new economic stimulus package in the US.

House speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Wednesday held regular talks on a new package of measures to support the US economy. According to Pelosi's press Secretary Drew Hamill, these discussions brought the parties closer to preparing a stimulus bill. At the same time, Republicans on Wednesday expressed concern about the volume of the stimulus package being discussed, which is about $1.9 trillion.

The pound is slightly cheaper. Bank of England Deputy Governor Dave Ramsden said on Wednesday that the time has not yet come for a move to negative interest rates.

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 by 0.15%.

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