Asian session review: the US dollar declined against most currencies

The US dollar fell against most of the world's major currencies. Experts, however, expect that the US currency will strengthen against the background of an increase in the incidence of COVID-19 in the US and other countries.

The number of confirmed cases of coronavirus infection in the world has exceeded 10 million, the number of deaths - 500 thousand, according to data from Johns Hopkins University.

American States that are experiencing an increase in the incidence of the disease are postponing the planned lifting of restrictions imposed earlier to curb the spread of the coronavirus. Some cities may be forced to restore restrictions that have already been lifted or introduce new lockdowns.

The more stringent and widespread the new restrictions, the slower the US economy will recover and the higher the demand for safe haven assets, which include the US dollar, analysts say.

Meanwhile, data from China shows an improvement in the country's economic situation. The profit of large industrial enterprises in China in May increased for the first time since November - by 6% - on the background of increasing business production and sales volumes with the gradual lifting of restrictions around the world.

The ICE index, which tracks the dynamics of the us dollar against six currencies (Euro, Swiss franc, yen, canadian dollar, pound sterling and Swedish Krona), fell by 0.25% in trading.