Asian session review: the dollar fell against the euro and stabilized against the yen

In today's Asian trading, the US dollar fell against the euro and was almost unchanged against the yen.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.09% compared to the previous trading day.

Yesterday, the head of the US Federal reserve system, Jerome Powell, said during a speech to the Senate banking Committee that "the level of production and employment remain much lower than before the beginning of the pandemic, and there is a high degree of uncertainty about the time and strength of the us economic recovery." These statements contributed to increased uncertainty in the market, which supported the dollar as a safe haven asset.

Data from the US Department of Commerce showed a record increase in us retail sales in may. The index jumped 17.7% last month. Experts on average predicted a rise of 8%.

Meanwhile, Japanese exports last month fell by 28.3% compared to may last year - to 4.18 trillion yen, the country's Finance Ministry said. This is the highest rate of decline in more than 10 years. The fall of the index was recorded at the end of the 18th month in a row.

The pound changed slightly against the dollar after the publication of data on Britain. Consumer prices in the UK in may rose by 0.5% in annual terms after rising by 0.8% a month earlier, according to data from the National statistics office. The level of inflation in the country coincided with the expectations of experts. This week, investors are waiting for the results of the Bank of England meeting.