Asian session review: the dollar is rising against major currencies after falling the day before

The US dollar is strengthening against the euro, yen and other world currencies after falling the day before on the back of very soft statements from the Federal reserve system (Fed).

Despite the fact that the Federal reserve has not announced new policy easing measures, the warning of Central Bank Governor Jerome Powell that the outlook for the US economy has deteriorated due to the increase in the incidence of COVID-19, as well as the statement that the Fed is ready to maintain the current stimulus policy for a long time, indicate a "dovish" attitude of the Central Bank.

Fed kept the interest rate in the range of 0% to 0.25% per annum at the end of the meeting on July 28-29, and also promised to continue buying assets "at least at the same pace", that is, US Treasuries worth at least $80 billion a month and mortgage bonds worth $40 billion a month.

Some experts expect the dollar to strengthen, noting that some technical indicators indicate the possibility of the us currency leaving the oversold territory.

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), rose 0.1% from the beginning of the session.