Asian session review: the US dollar traded steadily against the euro, but rose against the yen

During today's Asian trading, the US dollar stabilized against the euro after yesterday's significant strengthening on the background of data on the strengthening of the growth rate of manufacturing activity in the US.

The ISM index of business activity in the us manufacturing sector in January rose to 50.9 points - the highest in six months-from 47.8 points a month earlier. The index value above the 50-point mark signals an increase in business activity in the industrial sector, which is marked in the US for the first time in six months. The purchasing managers ' index (PMI) for the industrial sector, calculated by IHS Markit, rose to 51.9 points in January from 51.7 points a month earlier.

The US dollar strengthened against the yen, and experts expect this trend to continue, noting that the risk aversion associated with the spread of the coronavirus is gradually fading due to the actions of the Chinese Central Bank.

The Central Bank of China on Tuesday poured 500 billion yuan into the financial system through reverse REPO operations. On Monday, the infusion amounted to 1.2 trillion yuan.

Experts are confident that the outbreak of pneumonia caused by coronavirus in China will have a negative impact on the country's economy, which can be seen in the statistics this month. Nevertheless, the actions of the Central Bank of China, which seeks to show that it is ready to do everything necessary to support the economy, should reassure traders.

The pound rose slightly against the dollar after yesterday's significant drop . On January 31, the UK left the EU. After that, a transition period started, during which the parties must agree on the principles on which they will build their future relations.