Asian session review: the US dollar fell against major currencies

During today's Asian trading, the US dollar fell against the euro and changed little against the yen.

This week, traders are waiting for the results of the European Central Bank meeting on July 16 and the EU leaders ' summit on July 17.

Investors also continue to follow the news about the spread of the coronavirus. In Florida on Sunday, reported more than 15 000 cases of infection per day. This is a record daily increase among American States since the beginning of the epidemic.

At the same time, the risk appetite was helped by data from the American biopharmaceutical company Gilead Sciences, which on Friday reported that the drug remdesivir can reduce mortality by 62% among seriously ill patients with coronavirus.

The People's Bank of China (PBOC) on Monday poured 50 billion yuan ($7.15 billion) into the financial system through reverse REPO operations at a rate of 2.2%. In a statement, the PBOC notes that these injections are aimed at maintaining the liquidity of the banking system. The country's Central Bank does not plan to take new stimulus measures as China's economy recovers from the shock caused by the coronavirus outbreak, said Kai Guo, Deputy Director of the PBOC monetary policy Department. "In the coming half-year, the economy will return to normal, and the role of traditional monetary policy will become more obvious," he said.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.25% compared to the previous trading day.