Asian session review: the euro has stabilized against the dollar on the background of reaching an agreement on the EU's anti-crisis plan

During today's Asian trading, the euro traded steadily against the US dollar and the yen on news of the agreement of the EU's anti-crisis plan.

EU leaders have reached an agreement on a recovery plan for the economy affected by the coronavirus pandemic and the EU budget for 2021-2027 after four days of talks, European Council President Charles Michel has announced.

"The budget for the next 7 years will be 1.074 trillion euros, and we have decided to mobilize 750 billion euros to support the possibility of economic recovery," he said at a final press conference on Tuesday morning.

The growth of consumer prices in Japan in June, as well as the month before, was 0.1% in annual terms, according to data from the Ministry of internal affairs and communications of the country. Thus, inflation remains at the lowest level in the past three years, against the background of the continuing negative impact of the pandemic on demand.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.08% relative to the previous trading day.

The Australian dollar rose against the US dollar. The Reserve Bank of Australia did not see the need to change monetary policy in the current conditions, according to the report of the meeting of the regulator. In addition, according to the document, a reduction in interest rates in the country below zero is extremely unlikely. The Australian Central Bank at the end of the meeting on July 7, kept the key rate at 0.25% per annum.