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- Asian session review: the dollar rose slightly against the major currencies
Asian session review: the dollar rose slightly against the major currencies
During today's Asian trading, the US dollar was little changed against the euro and rose against the Japanese yen.
The Japanese yen weakened against the G10 and Asian currencies on the back of risk sentiment, reducing the attractiveness of safe haven assets.
The improvement in sentiment is likely due to progress in the coronavirus vaccination process and the prospect of new stimulus measures, but the focus of investors ' attention is also on the growth of US government bond yields.
The dollar index remains under pressure, as investors wait for fresh economic data to assess the sustainability of the US economic recovery after the downturn caused by the coronavirus pandemic.
The current week will be busy for traders in terms of macroeconomic events, including the head of the US Fed Jerome Powell on Tuesday will present a semi-annual report on monetary policy to the Senate Banking Committee.
The ICE Dollar index, which shows the value of the dollar against six major world currencies, rose by 0.13%.
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