Asian session review: the US dollar declined against the euro and yen

The US dollar fell against the euro and yen, while the Australian and New Zealand national currencies declined against the dollar on data on unemployment in Australia and New Zealand GDP.

Federal reserve Chairman Jerome Powell on Wednesday urged Congress not to scale back too quickly temporary programs to support homeowners and small businesses that were adopted to support the economy in the crisis caused by the coronavirus pandemic.

On Thursday, traders expect the publication of data from the US Department of labor on the number of new applications for unemployment benefits.

The Bank of England will meet today. Analysts expect that the regulator will increase the volume of the asset repurchase program by at least 100 billion pounds to ensure the stability of the financial market.

The New Zealand dollar fell. New Zealand's GDP in the first quarter fell by 1.6% compared to the previous three months - to 310 billion New Zealand dollars ($200 billion), according to official data . Compared to January-March last year, the economy declined by 0.2% and was the first since the third quarter of 2009.

The Australian national currency is also declining. Australia's seasonally adjusted unemployment rate rose to 7.1% in May from 6.4% in the previous month, the Australian Bureau of Statistics said. This is the highest figure since October 2001. Analysts on average predicted an increase in unemployment to 7%.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.17% relative to the previous trading day.