Asian session review: the dollar was trading steadily against most currencies

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

The focus remained on the results of the July meeting of the European Central Bank (ECB), which took place the day before. The regulator did not change the volume of the emergency asset repurchase program (PEPP), leaving it at 1.350 trillion euros, as expected by experts. The ECB also kept the base interest rate on loans at 0%o, and the deposit rate at -0.5%.

ECB President Christine Lagarde said at a press conference that the situation in the eurozone economy improved in May and June, as indicated by statistics and surveys, but the pace and scope of the recovery remains extremely uncertain.

Market participants are also assessing the potential impact of an increase in the number of new coronavirus infections in the United States on the country's economy and labor market, amid increasing tensions between Washington and Beijing. Informed sources reported that the administration of US President Donald Trump is considering a complete ban on the entry of members of the Chinese Communist party and their families to the States in accordance with the law "on the autonomy of Hong Kong" signed by the President the day before.

In turn, Chinese foreign Ministry spokeswoman Hua Chunying said at a briefing on Thursday that China will adhere to the terms of the first phase of the trade agreement with the United States, but will respond to pressure from Washington.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.05% relative to the previous trading day.