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

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

The head of the US Federal Reserve System (Fed), Jerome Powell, said on Sunday that the regulator is unlikely to raise interest rates this year. "I can guarantee that the Fed will do everything possible to support the economy for as long as necessary for a full recovery," he said. Powell also noted that the economy could soon "start to grow much faster, and job creation will happen faster." At the same time, the head of the Fed believes that the main risk for the economy at the moment is a new jump in Covid diseases.

Investors on Monday expect the publication of data on retail sales in the euro zone in February.

The pound consolidated against the US dollar. British Prime Minister Boris Johnson said that more than 7 million people in the UK have completed the vaccination process against the COVID-19 coronavirus. The population of the UK is about 66 million people. The authorities of the country intend to gradually remove the restrictions imposed to combat this disease as the vaccination campaign against COVID-19 progresses.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.09%.