Asian session review: the dollar stabilized against the euro, rose against the yen

During today's Asian trading, the US dollar traded steadily against the euro and rose against the yen. Investors continue to monitor the process of adopting a new package of measures to support the US economy. US Treasury Secretary Steven Mnuchin on Monday said he hopes to reach an agreement between the White house and Congress on new measures to support the country's economy this week.

The day before, the US dollar was supported by the decision of US President Donald Trump to sign four executive orders at once to extend measures to support the economy, bypassing Congress. One of the decrees, in particular, provides for partial restoration of additional payments to unemployment benefits.

The pound is slightly cheaper against the dollar and euro. The number of new applications for unemployment benefits in the UK in July fell by 28.1 thousand, as well as a month earlier, according to data from the National statistics office. Experts predicted an increase in the number of applications in June by 10 thousand. Unemployment in the UK in July was 3.9%, as in June. The consensus forecast of experts provided for an increase in unemployment to 4.2%.

This week, investors are also waiting for the publication of preliminary data on the change in UK GDP in the second quarter and data on the country's industrial production in June.

The Australian dollar rose against the dollar. The National Australia Bank (NAB) business confidence index for the Australian economy fell to -14 points in July 2020 from 0 a month earlier. The index assessing business conditions rose to zero points from -8 points in June. The terms of trade subindex rose to 1 point from -6 points.