Asian session review: the US dollar rose against major currencies

During today's Asian trading, the US dollar rose against the euro and the yen, while the australian dollar fell on the back of the decision of the Reserve Bank of Australia.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose by 0.26%.

Investors continue to monitor the fate of the new package of measures to support the US economy, which was approved by the House of Representatives of the US Congress over the weekend. The Senate faces the need to pass legislation on new support measures before the mid-March deadline for the payment of the unemployment benefits allowance.

Meanwhile, unemployment in Japan in January remained at the lowest level since July - 2.9%. Analysts had expected an increase of up to 3%.

Today, investors are also waiting for the publication of data on the German labor market. In addition, preliminary data on the change in consumer prices in the euro area in February will be released.

The Australian dollar fell 0.35% against the US dollar. The Reserve Bank of Australia at the end of the March meeting kept the benchmark interest rate at a record low of 0.1%. This decision coincided with analysts ' expectations. The regulator confirmed that it does not plan to raise the rate until inflation is consistently at the target level of 2-3%, which is not expected until 2024.