Asian session review: the dollar rose slightly against most major currencies

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 by 0.14%.In today's Asian trading, the US dollar rose against the euro and the pound, but declined against the yen.

Traders ' attention is focused on the upcoming ECB meeting, as its results may seriously affect the dynamics of the euro. Statements by the ECB's chief economist, Philip Lane, last week triggered a fall in the euro from the highest level in more than two years at $1.2, and experts will closely monitor the Central Bank's rhetoric for its concern about the recent strengthening of the Euro.

Meanwhile, the yen is strengthening against the world's major currencies amid rising tensions between Beijing and Washington. According to media reports, the US authorities are preparing to impose restrictions on imports of a number of goods from the Xinjiang Uygur Autonomous region of China, while Beijing may impose sanctions against us officials visiting Taiwan.

Earlier this week, US President Donald Trump said that he intends to sever ties between the US economy and China if he is re-elected as President.

Meanwhile, data showed that China's inflation slowed to its lowest level since May in August, as food prices declined. Consumer prices increased 2.4% year-on-year last month after rising 2.7% in July, according to data from the state statistical office of China.