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- Asian session review: the dollar decline against the euro after Trump signed the US budget
Asian session review: the dollar decline against the euro after Trump signed the US budget
During today's Asian trading, the US dollar fell against the euro and was almost unchanged against the yen.
The decline in demand for safe haven assets is due to the news about the signing of the country's budget by US President Donald Trump, which includes a $900 billion stimulus package, as well as the achievement of an agreement between London and Brussels and the prospects for economic recovery in 2021.
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 0.27%.
Pound rose moderately against the dollar. The European Parliament will today begin consideration of the agreement on the relationship between the UK and the EU after Brexit, the text of which was agreed last week. Last week, the European Parliament said it would make a decision on the agreement next year.
Meeting in Brussels on Friday, the Committee of permanent representatives (Coreper) of the EU countries approved a letter to the European Parliament that the EU Council will decide on the temporary validity of the EU agreement with the UK, Coreper spokesman Sebastian Fischer said.
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