Asian session review: the US dollar declined against the euro and the yen

During today's Asian trading, the US dollar declined against the euro and the japanese yen.

The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.08%. The index value is close to the lowest level in two and a half years.

The value of the pound rose 0.3% against the dollar. For the UK and the EU negotiating relations after Brexit, this is an extremely important week, said the UK foreign Minister Dominic Raab. 

The yuan fell 0.2% against the dollar. The People's Bank of China (PBOC) has poured 200 billion yuan into the banking system under the medium-term lending program (MLF). The rate on one-year loans was left at 2.95% per annum. The Chinese Central Bank also provided 150 billion yuan in reverse REPO operations.

The purchasing managers ' index (PMI) in China's industry in November was 52.1 points, compared with 51.4 points a month earlier, according to data from the State statistical office. The value of the indicator reached its highest since September 2017, while analysts expected a less significant increase in the indicator - up to 51.5 points.

Meanwhile, the PMI of the services and construction sector of China in November reached the highest level in eight and a half years. The indicator was 56.4 points against 56.2 points a month earlier. The indicator is above the 50-point mark for the ninth consecutive month.