Asian session review: the US dollar consolidated against most currencies

During today's Asian trading, the US dollar was trading steadily against the euro and the pound, but rose slightly against the yen.

The chairman of the Federal Reserve Bank of Atlanta, Rafael Bostic, believes that the Fed should start curtailing the asset purchase program against the background of a significant increase in the number of jobs in the United States in the last two months. "We are on the way to significant progress in achieving our goal, "Bostic said, calling the latest statistical data "certainly very encouraging in this regard."

The number of jobs in the US economy increased by 943 thousand in July, the highest pace in 11 months, according to data from the Ministry of Labor, published on Friday. Unemployment in the country last month fell to 5.4%, the lowest level since March 2020, compared with 5.9% in June. Experts expected an increase in the number of jobs in July by 870 thousand and a decrease in unemployment to 5.7%.

During a separate event on Monday, the head of the Federal Reserve Bank of Richmond, Thomas Barkin, also said that he sees the economy moving in the direction of the goals set by the Fed.

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 0.02%.