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- Asian session review: the yen rose markedly against the US dollar
Asian session review: the yen rose markedly against the US dollar
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:00 | Australia | Consumer Inflation Expectation | January | 4% | 3.8% | 4.7% |
| 00:30 | Australia | Changing the number of employed | December | 38.5 | 15 | 28.9 |
| 00:30 | Australia | Unemployment rate | December | 5.2% | 5.2% | 5.1% |
| 04:30 | Japan | All Industry Activity Index, m/m | November | -4.8% | -0.1% | 0.9% |
| 05:00 | Japan | Leading Economic Index | November | 91.6 | 90.9 | 90.8 |
| 05:00 | Japan | Coincident Index | November | 95.3 | 95.1 | 94.7 |
During today's Asian trading, the US dollar rose slightly against the euro, but fell against the Japanese yen in the face of renewed demand for safe haven assets due to concerns about a new virus that causes pneumonia, which was detected in China. The number of deaths from pneumonia caused by a new coronavirus in China rose to 17 on Thursday with nearly 600 confirmed cases.
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose 0.03% to 97.55.
The pound fell slightly against the dollar, following yesterday's rally due to lower chances of a Bank of England rate cut.
The Australian dollar rose 0.31% against the US dollar after data indicated an unexpected drop in unemployment to a nine-month low. Australian Bureau of Statistics said the unemployment rate in Australia came in at a seasonally adjusted 5.1% in December. That beat forecasts for 5.2%, which would have been unchanged from the November reading. The Australian economy added 28,900 jobs last month, beating expectations for an increase of 15,000 jobs after gaining 38,500 jobs in the previous month.
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