Asian session review: the dollar rose against major currencies

During today's Asian trading, the US dollar rose against the euro, the pound, the yen and the Australian dollar.

Demand for the assets of the "safe haven", which include both American and Japanese currencies, increased amid growing concerns related to the rapid spread of the new COVID-19 strain.

Traders are concerned that the incidence is growing in developed countries with high levels of vaccination of the population. This confirms the opinion that, although vaccinated people are protected from the severe course of the disease, they can be carriers of the virus.

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 0.13%.

The Australian dollar fell by 0.2% against the US dollar on information about the introduction of lockdowns in two of the six states of the country due to the increased incidence of COVID-19.

The minutes of the Reserve Bank of Australia's July meeting, published on Tuesday, showed that the Central Bank's management does not see the possibility of raising the key interest rate until 2024. Executives noted that the recovery of the Australian economy from the effects of the pandemic was more powerful than expected, and this trend is likely to continue.