Asian session review: the dollar declined slightly against the major currencies

During today's Asian trading, the US dollar fell against the euro and the pound, but stabilized against the yen.

Growing expectations of the adoption by the US Congress of a new package of measures to support the economy, proposed earlier by US President Joe Biden, contribute to an increase in risk appetite in world markets and, consequently, a decrease in demand for dollars.

The House of Representatives over the weekend approved Biden's proposed $1.9 trillion stimulus package, which includes, among other things, an increase and extension of federal unemployment benefits, direct payments to Americans of $1,400 per person, the allocation of $350 billion to states and local governments, as well as funding for vaccination programs.

The bill, approved by the lower house of the US Congress, will be sent to the Senate for consideration, which is likely to make changes to it. After that, the House of Representatives will have to re-approve the package of measures, already in an amended form, before sending it to the president for signature. Biden urged the Senate not to delay approval of the bill, saying that " there is no time to lose."

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.08%.