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Ekonomické zprávy
25.10.2021

Asian session review: the dollar consolidated against major currencies

TimeCountryEventPeriodPrevious valueForecastActual
05:00JapanCoincident IndexAugust94.4 91.3
05:00JapanLeading Economic Index August104.1 101.3


During today's Asian trading, the US dollar traded steadily against a basket of major world currencies.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.02%. 

The yen fell relative to other currencies of the G10 countries and Asia, as the growth of most Asian stock indexes caused demand for risky assets, analysts say. At the same time, later this week, investors may switch to protective assets on the news of new restrictions related to the COVID-19 pandemic in China.

The pound rose moderately against the US dollar. Analysts now estimate the probability that the Bank of England will raise interest rates at its meeting next week at about 60%.

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